[CBSE] Q. 18 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)
Solution to Question number 18 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?
Ashok, Bhim and Chetan who were sharing profits in the ratio of 5 : 3 : 2, decided to share profits in the ratio of 2 : 3 : 5 with effect from 1st April, 2023.
Workmen Compensation Reserve existed at ₹ 1,20,000 in the Balance Sheet as at 31st March, 2023 and Workmen Compensation Claim of ₹ 1,50,000 exists.
Pass Journal entries for the accounting treatment of Workmen Compensation Reserve.
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 |
