Om and Shyam are sharing profits and losses equally. With effect from 1st April 2023, they agree to share profits in the ratio of 4 : 3. Calculate the individual partner’s gain or sacrifice due to the change in ratio.

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

4.62K viewsApril 20, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Change in Profit Sharing Ratio

Anurag Pathak28.35K April 20, 2023 0 Comments

Om and Shyam are sharing profits and losses equally.

With effect from 1st April 2023, they agree to share profits in the ratio of 4 : 3.

Calculate the individual partner’s gain or sacrifice due to the change in ratio.

[Ans.: Om gains and Shyam sacrifices 1/14th share]

Anurag Pathak Changed status to publish April 20, 2023

Add a Comment

1 Answer

Anurag Pathak28.35K Posted April 20, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish April 20, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8060

Telegram Channel

Telegram Channel

1 Answer

1 Answer

Anurag Pathak

Related Questions