Ashok, Bhim, and Chetan are sharing profits and losses in a ratio of 5 : 3 : 2. With effect from 1st April

Anurag Pathak
April 20, 2023
[CBSE] TS Grewal Solutions, Accountancy Class 12th, Change in Profit Sharing Ratio

2.43K viewsMarch 30, 2024[CBSE] TS Grewal Solutions Accountancy Class 12th Change in Profit Sharing Ratio

Anurag Pathak 24.00K April 20, 2023 0 Comments

Ashok, Bhim, and Chetan are sharing profits and losses in a ratio of 5 : 3 : 2. With effect from 1st April 2023, they decide to share profits and losses in the ratio of 5 : 2: 3. Calculate each partner’s gain or sacrifice due to the change in ratio.

[Ans.: Chetan gains 1/10th share and Bhim sacrifices 1/10th share.]

Anurag Pathak Changed status to publish March 30, 2024

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Anurag Pathak 24.00K Posted April 20, 2023 0 Comments

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