[CBSE] Q. 25 Change in profit sharing ratio Solution TS Grewal Class 12 (2024-25)
Solution to Question number 25 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2024-25 Edition.
Pinky and Rocky are partners in a firm sharing profit in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2024 was as follows:
Liabilities | ₹ | Assets | ₹ |
Pinky’s Capital A/c Rocky’s Capital A/c Creditors | 54,000 36,000 36,000 | Cash Machinery Building | 18,000 36,000 72,000 |
1,26,000 | 1,26,000 |
Goodwill of the firm is valued at ₹ 36,000 and the building at ₹ 90,000 on 31st March, 2024. The partners decide to share profits equally with effect from 1st April, 2024.
Pass the necessary accounting entries without affecting the existing figure of building.
![](https://commerceschool.in/wp-content/uploads/2024/04/q25-2-1024x512.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/04/1-120-1024x319.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/2-81-1024x450.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/3-54-1024x369.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/4-25-1024x298.webp)
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25 | Question – 25 |
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