[CBSE] Q. 13 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)
Solution to Question number 13 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?
Naman, Aman and Raman are partners sharing profits and losses in the ratio of 2 : 2 : 1. From 1st April 2023, they decide to change the profit-sharing ratio. They pass the following adjustments entry for goodwill in the books:
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| 2023 April 1 | Naman’s Current A/c (₹ 2,00,000 ✕ 3/25) Dr. Raman’s Current A/c (₹ 2,00,000 ✕ 2/25) Dr. To Aman’s Current A/c (₹ 2,00,000 ✕ 5/25) (Goodwill adjusted on change in profit sharing ratio) | 24,000 16,000 | 40,000 |
What will be the new profit-sharing ratio of partners assuming the capitals of partners are fixed?
[Ans.: New Profit sharing Ratio – 13 : 7 : 5]
Solution:-
Here is the list of all Solutions
| S.N | Questions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Questions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
