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DK Goel Solutions Q 22 Chapter 2 Change in Profit Sharing Ratio Class 12 CBSE [2023-24]

Question 22 of 44Chapter 2Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 22, Chapter 2 Change in Profit-Sharing Ratio Among the Existing Partners, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 22

P, Q and R are partners sharing profits equally. They decided that in future R will get 1/7 share in profits. On the day of change, firm’s Goodwill is valued at ₹ 42,000. Give Journal Entries arising on account of change in profit sharing ratio.

DK Goel Class 12 Change in Profit-Sharing Ratio Question 22

Solution

Solution of Q 22 Change in Profit-Sharing Ratio DK Goel 2023-24 part 1
Solution of Q 22 Change in Profit-Sharing Ratio DK Goel 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 22 Change in Profit-Sharing Ratio DK Goel 2023-24 part 3
Solution of Q 22 Change in Profit-Sharing Ratio DK Goel 2023-24 part 4
Solution of Q 22 Change in Profit-Sharing Ratio DK Goel 2023-24 part 5
12th Accounts Revision Book
Solution of Q 22 Change in Profit-Sharing Ratio DK Goel 2023-24 part 6
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12th Accounts Revision Book

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About this solution

This is Chapter 2 Change in Profit Sharing Ratio of DK Goel For 2024 Examinations.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.

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