Solution of Q 23 Change in Profit-Sharing Ratio TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 23, Chapter 4 Change in Profit-Sharing Ratio Among the Existing Partners, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 23
A, B and C are sharing profits and losses in the ratio of 2 : 2 : 1. They decided to share profit w.e.f. 1st April, 2022 in the ratio of 5 : 3 : 2. They also decided not to change the values of assets and liabilities in the books of account. The book values and revised values of asset and liabilities as on the date of change were as follows:
Solution
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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.
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 Accountancy Board Exam.
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