[CBSE] Q. 17 Change in profit sharing ratio Solution TS Grewal Class 12 (2026-27)
Solution to Question number 17 of the Change in Profit Sharing Ratio chapter 4 of TS Grewal Book class 12 CBSE 2026-27 Edition.
A, B and C who are sharing profits and losses in the ratio of 5 : 3 : 2 decide to share future profits in the ratio of 2 : 3 : 5. Give the Journal entry to distribute ‘Investments Fluctuation Reserve’ of ₹ 20,000 at the time of change in profit sharing ratio, when investment (market value ₹ 95,000) appears in the books at ₹ 1,00,000.
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