[CBSE] Q. 30 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)
Are you looking for the solution to Question number 30 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?
Question number 30 of Chapter 4 change in profit sharing ratio is a practical one.
Question – 30
A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Their Balance Sheet as on 31st March, 2015 was as follows:


From 1st April, 2015, A, B and C decided to share profits equally. For this it was agreed that:
i) Goodwill of the firm will be valued at ₹ 1,50,000.
ii) Land will be revalued at ₹ 80,000 and building be decpreciated by 6%
iii) Creditors of ₹ 6,000 were not likely to be claimed and hence should be written off.
Prepare Revaluation Account, Partner’s Capital Accounts and Balance Sheet of the reconstituted firm.
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 |
S.N | Questions |
11 | Question – 11 |
12 | Question – 12 |
13 | Question – 13 |
14 | Question – 14 |
15 | Question – 15 |
16 | Question – 16 |
17 | Question – 17 |
18 | Question – 18 |
19 | Question – 19 |
20 | Question – 20 |