[CBSE] Q. 20 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)

Solution to Question number 20 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?

Nitin, Tarun and Amar are partners sharing profits equally and decide to share profits in the ratio of 2 : 2 : 1 w.e.f 1st April, 2023.

The extract of their Balance Sheet as at 31st March, 2023 is as follows:

Liabilities	₹	Assets	₹
Investment Fluctuation Reserve	60,000	Investments (At Cost)	4,00,000

Pass the Journal entries in each of the following situations:

i) When its Market Value is not given;

ii) When its Market Value is ₹ 4,00,000;

iii) When its Market Value is ₹ 4,24,000;

iv) When its Market Value is ₹ 3,70,000;

v) When its Market Value is ₹ 3,10,000;

Solution:-

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S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
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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
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18	Question – 18
19	Question – 19
20	Question – 20

S.N	Questions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30
31	Question – 31
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