[DK Goyal] Q 1 Change in Profit Sharing Ratio Solution CBSE (2022-23)

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Solutions of Q 1 DK Goyal Change in Profit Sharing Ratio among the existing partners class 12 CBSE 2022-23

Question – 1

X and Y were partners in a firm sharing profits in the ratio of 5:3. With effect from 1st April 2021 they agreed to share profits equally. Calculate the individual partner’s gain or sacrifice due to change in ratio.

Solution:-

Question – -1 (B)

A and B were in partnership sharing profits equally. With effect from 1st April 2021 they agreed to share profits in the ratio of 4:3. Calculate the individual partner’s gain or sacrifice due to the change in ratio.

Solution:-