CHANGE IN PROFIT SHARING RATIO SOLUTIONS EDITION 2022-23

[T.S. Grewal’s] CHANGE IN PROFIT SHARING RATIO SOLUTIONS EDITION 2022-23 CBSE

Here we have given TS Grewal Accountancy Class 12th Solutions Chapter 4 – Change in Profit-Sharing Ratio Among the Existing Partners are part of CBSE exam 12th class board commerce syllabus.

The below solutions provide for simple understanding (How to Solve that unsolved questions) for students.

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Board	CBSE
Textbook	NCERT
Book	Accounting for Partnership Firms
Volume	I
Class	12th
Subject	Accountancy
Chapter	4
Chapter Name	Change In Profit-Sharing Ratio Among the Existing Partners
Number of Questions (Solved)	27
Category	TS Grewal’s Solutions

TS Grewal Accountancy Class 12 Solutions – Chapter ^4th – Change in Profit-Sharing Ratio Among the Existing Partners – Edition 2022-23

ANSWERS:

Solution 9:

Nitya’s Share in Profit = 1,50,000×1/2 = 75,000 ₹

Anand’s Share in Profit = 1,50,000×1/2 = 75,000 ₹

Journal Entry:

Profit and Loss A/c                  ...Dr.               150000
       To Nitya's Capital A/c                                            75000
       To Anand's Capital A/c                                            75000
(Being Profit Trf. to Partner's Capital A/c)