[CBSE] Q. 2 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 2 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?

Ashok, Bhim, and Chetan are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April 2023, they decide to share profits and losses in the ratio of 5 : 2: 3. Calculate each partner’s gain or sacrifice due to change in ratio.

[Ans.: Chetan gains 1/10th share and Bhim sacrifices 1/10th share.]

Solution:-

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Anurag Pathak

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