[CBSE] Q. 6 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 6 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?

Ash, Nisha, and Disha shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April 2023, they agreed to share profits equally. The goodwill of the firm was valued at ₹ 18,000.

Pass necessary Journal entries to record the above change.

[Ans.: Dr. Disha’s Capital A/c and Cr. Asha’s Capital A/c by ₹ 3,000]

Solution:-

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