Chapter 4 – Change In Profit Sharing Ratio Among The Existing Partners – TS Grewal 2022
Question 5
Q.5 – Asha Nisha and Disha shared profits and losses in the ratio of 3:2:1 respectively. With effect from 1st April 2022, they agreed to share profits equally.The goodwill of the firm was valued at ₹18,000.
Pass necessary Journal entries to record the above change.
Solution:
Asha Nisha and Disha shared profits and losses
