CHANGE IN PROFIT SHARING RATIO SOLUTION OF QUE. 5, 6, 7, 8 OF TS GREWAL BOOK CLASS 12TH ACCOUNTS

CHANGE IN PROFIT SHARING RATIO SOLUTION OF QUE. 5, 6, 7, 8 OF TS GREWAL BOOK CLASS 12TH ACCOUNTS 5. Pranav, Karan and Rahim are partners sharing profits and losses in agreed ratio. With effect from 1st April, 2025, they agreed to share profit in the ratio of 3:3:4. To arrive at the new ratio, Rahim takes 1/5th share equally from Pranav and Karan. Calculate the old profit-sharing ratio.​ 6. Asha,Nisha and Disha shared profit and losses in the ratio of 3:2:1 respectively.With effect from 1st April 2025,they agreed to share profits equally. The goodwill of the firm was valued at ₹18000.pass necessary journal entry to record the above change. 7. X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, firm's goodwill is valued at 30000.Make the necessary journal entry. 8. X, Y and Z are partners sharing profits and losses in the ratio of 5:3:2. From 1st April, 2023, they decided to share profits and losses equally. The Partnership Deed provides that in the event of any change in the profit-sharing ratio, goodwill is to be valued at two years' purchase of the average profit of the preceding five years. The profits and losses of the preceding years ended 31st March, are: Year : 2019   2020  2021  2022 2023 Profit 70000|75000 |55000 |35000|(10000) Calculate the value of goodwill and pass Journal entry. ​ change in profit sharing ratio among the existing partners class 12, change in profit sharing ratio among the existing partners class 12 one shot, change in profit sharing ratio among the existing partners class 12 practical questions, change in profit sharing ratio among the existing partners class 12 ch 3, change in profit sharing ratio among the existing partners class 12 rajat, change in profit sharing ratio among the existing partners class 12 ts grewal, change in profit sharing ratio class 12 #changeinprofitsharingratio #growthmindcommerce #accountancy