[CBSE] Q. 13 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)

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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:

DateParticularsL.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:-

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