Скачать или смотреть CHANGE IN PSR | Q6, Q7, Q8, Q9 | TS GREWAL | Class 12 | ACCOUNTS | 2024

Asha, Nisha and Disha shared profits | Ram, Laxman and Bharat | X, Y and Z are partners sharing profits | A and B are partners | CHANGE IN PSR | Q6, Q7, Q8, Q9 | TS GREWAL | Chapter 3 | Class 12 | ACCOUNTS | 2024

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Q6. Asha, Nisha and Disha shared profits and losses in the ratio of 3: 2: 1 respectively. With effect from 1st April, 2024, they agreed to share profits equally. The goodwill of the tirm was valued at 18,000.
Pass necessary Journal entries to record the above change.

Q7. X, Y and Z are partners sharing profits and losses in the ratio of 5: 3: 2. From 1st April, 2024, they decided to share profits and losses equally. The Partnership Deed provides that in the event of any change in the profit-sharing ratio, goodwill is to be valued at two years' purchase of the average profit of the preceding five years. The profits and losses of the preceding years ended 31st March, are:

Q8. Ram, Laxman and Bharat who were sharing profits and losses in the ratio of 5: 3: 2, decide to share profits and losses equally with effect from 1st April, 2024. Goodwill of the firm is valued at 4,50,000.
Goodwill is appearing in the books is at 75,000.
Pass necessary journal entries to record the above change.

Q9. A and B are partners in a firm sharing profits in the ratio of 2: 1. They decided that with effect from ist April, 2023, they would share prohits in the ratio of 3: 2. But, this decision was taken after the profit for the year ended 31st March, 2024 of 90,000 was distributed in the old profit-sharing ratio.
Firm's goodwill was valued on the basis of aggregate of two years' profits preceding the date decision became effective.
Profits for the years ended 31st March, 2022 and 2023 were 60,000 and 75,000 respectively. Capital Accounts of the partners as at 31st March, 2024 stood at 1,50,000 for A and 90,000 for B.
Pass necessary Journal entries and prepare Partners' Capital Accounts.

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00:00 Question 6-Asha, Nisha and Disha
06:48 Question 7-X, Y and Z are partners
10:47 Question 8-Ram, Laxman and Bharat
14:45 Question 9-A and B are partners in a firm sharing profits in the ratio of 2: 1

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