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Solution of Q 13 Change in Profit-Sharing Ratio TS Grewal 2022-23 [CBSE]

Question 13 of 27Chapter 4Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 13, Chapter 4 Change in Profit-Sharing Ratio Among the Existing Partners, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 13

Ashok, Bhim and Chetan who were sharing profits in the ratio of 5 : 3 : 2, decided to share profits in the ratio of 2 : 3 : 5 with effect from 1st April, 2022. Workmen Compensation Reserve existed at ₹ 1,20,000 in the Balance Sheet as at 31st March, 2022 and Workmen Compensation Claim of ₹ 1,50,000 exists. Pass Journal entries for the accounting treatment of Workmen Compensation Reserve.

TS Grewal Class 12 Change in Profit-Sharing Ratio Question 13 part 1
TS Grewal Class 12 Change in Profit-Sharing Ratio Question 13 part 2

Solution

Solution of Q 13 Change in Profit-Sharing Ratio TS Grewal 2022-23
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About this solution

This is Chapter 4 Change in Profit-Sharing Ratio of TS Grewal Edition 2022-23.

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

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