Change in profit sharing ratio class 12th T.S.Grewal Question-30 Adjustment of Capital Session 2026

Change in profit sharing ratio class 12th T.S.Grewal Question-30 Adjustment of Capital Session 2026 ts grewal ch 3 q 30, chapter 3 question 30 ts grewal, ram mohan sohan hari question, change in profit sharing ratio class 12, reconstitution of partnership q30, delhi 2017 accounts paper solution capitals adjusted by current account ts grewal, workmen compensation reserve adjustment, goodwill adjustment new ratio, partners capital account solution, revaluation account class 12, balance sheet after reconstitution class 12 accounts board exam 2026, cbse class 12 accounts imp questions, accounts numericals class 12, ts grewal solutions 2024-25, commerce wallah accounts, accounts by dk goei Instagram Link: https://www.instagram.com/manojsharma... Adjustment of capital Revaluation account partner's capital account balance sheet partner's current account change in profit sharing ratio class 12th accounts T.S.Grewal question -30 30. Ram, Mohan, Sohan and Hari were partners in a firm sharing profits in the ratio of 4:3:2:1. On 1st April, 2016, their Balance Sheet was as follows: BALANCE SHEET OF RAM, MOHAN, SOHAN AND HARI as on 1st April, 2016 Liabilities ₹ Assets ₹ 5,20,000 14,20,000 Capital A/cs: bas Ram Fixed Assets Current Assets 4,50,000 Mohan 2,50,000 Sohan 2,00,000 Hari Workmen Compensation Reserve 13,00,000 1,20,000 14,20,000 From the above date, the partners decided to share the future profits in the ratio of 1:2:3: 4. For this purpose the goodwill of the firm was valued at 1,80,000. The partners also agreed for the following: (a) The claim for workmen compensation has been estimated at 1,50,000. (b) Adjust the capitals of the partners according to new profit-sharing ratio by opening Partners' Current Accounts. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm. (Delhi 2017) [Ans.: Revaluation Loss- 30,000; Partners' Capital Accounts: Ram- 1,27,000; Mohan- 2,54,000; Sohan- 3,81,000 and Hari- 5,08,000. Partners' Current Accounts: Ram- 3,15,000 (Cr.); Mohan- 2,05,000 (Cr.); Sohan- 1,55,000 (Dr.); Hari- 3,65,000 (Dr.); Total of Balance Sheet- 19,40,000.] #msacademyaccounts #adjustmentofcapital #psr