Change in profit sharing ratio class 12th T.S.Grewal Question -31 Adjustment of Capital Session 2026

Change in profit sharing ratio class 12th T.S.Grewal Question -31 Adjustment of Capital Session 2026 Instagram Link : https://www.instagram.com/manojsharma... ts grewal class 12 accounts change in profit sharing ratio ts grewal q31 ts grewal chapter 3 class 12 accounts chapter 3 reconstitution of partnership firm sacrifice ratio gaining ratio cbse class 12 accounts 2026 ts grewal solutions accounts class 12 important questions accounts by dk goel partnership accounts class 12 ts grewal solution hindi class 12 board exam accounts commerce class 12 accounts by dk goel partnership accounts class 12 ts grewal solution hindi class 12 board exam accounts commerce class 12 31. Suresh, Ramesh, Mahesh and Ganesh were partners in a firm sharing profits in the ratio of 2:2:3:3. On 1st April, 2016, their Balance Sheet was as follows: Liabilities ₹ Assets ₹ Capital A/cs: Fixed Assets Suresh Current Assets 3,45,000 Ramesh 1,50,000 Mahesh 2,50,000 Ganesh Workmen Compensation Reserve 75,000 Sundry Creditors 1,70,000 9,45,000 9,45,000 From the above date, the partners decided to share the future profits equally. For this purpose, the goodwill of the firm was valued at 90,000. It was also agreed that: (a) Claim against Workmen Compensation Reserve will be estimated at ₹ 1,00,000 and fixed assets will be depreciated by 10%. (b) The Capitals of the partners will be adjusted according to the new profit-sharing ratio. For this, necessary cash will be brought or paid by the partners as the case may be. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm. (Al 2017) [Ans.: Revaluation Loss: 85,000; Capital of each partner in the new firm- 1,53,750; Total Capital of the new firm- 6,15,000; Cash to be brought in: Suresh- 75,250; Ramesh- 25,250; Cash Withdrawn by: Mahesh- 25,250; Ganesh- 75,250; Total of Balance Sheet- 8,85,000.] #msacademyaccounts #adjustmentofcapital #sacrficingratio #gainingratio