[CBSE] Q. 10 Change in profit sharing ratio Solution TS Grewal Class 12 (2026-27)

Solution to Question number 10 of the Change in Profit Sharing Ratio chapter 4 of TS Grewal Book class 12 CBSE 2026-27 Edition.

Ram, Laxman and Bharat who were sharing profits and losses in the ratio of 5 : 3 : 2, decide to share profits and losses equally with effect from 1st April, 2023. The goodwill of the firm is valued at ₹ 4,50,000. Goodwill is appearing in the books is at ₹ 75,000.

Pass necessary Journal entries to record the above change.

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