TS Grewal Solutions 2026-27 [Class 12] – Change in Profit Sharing Ratio – Q 11 to 20

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Solution for Q 11 to 20 of Chapter 3 of T S Grewal Class 12 Accountancy 2026-27 are given below. The Chapter name is Change in Profit Sharing Ratio from Partnership Accounts class 12. These Solutions are based on topics Calculation of New ratio, Accounting for reserves and Accumulated Profits and Losses and Accounting for Goodwill at the time of change in profit sharing ratio.

Working notes are given with each solution. These help in understanding the steps and are also important for board exams as marks are given for steps.

These solutions are also useful for CA Foundation, CS Foundation and CMA Foundation students. The solutions will be helpful for students as well as teachers teaching class 12 accounts.

Question 11

Old Ratio		Nidhi	Vridhi	Kavya	Total
		2	2	1	5

Nidhi New share	(2/5 + 3/25)	13/25
Kavya New share	(1/5 + 2/25)	7/25
Vridhi New share	(2/5 - 5/25)	1/5

New Ratio	Nidhi	Vridhi	Kavya	Total
	13/25	1/5	7/25	1
	13	5	7

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Question 12

Profit and Loss A/c Dr..	150000
To Nitya Capital A/c		75000
To Anand Capital A/c		75000

Note :

Balance in profits and loss A/c before the change in profit sharing ratio will be

distributed in old profit sharing ratio

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Question 13

Om Capital A/c Dr..	80000		(100000*4/5)
Shiv Capital A/c Dr..	20000		(100000*1/5)
To Profit and Loss A/c		100000

Note :

Balance in profits and loss A/c before the change in profit sharing ratio will be

distributed in old profit sharing ratio

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Question 14 (i)

Workmen Compensation Reserve A/c Dr..	120000
To A's Capital A/c		60000	(120000*5/10)
To B's Capital A/c		36000	(120000*3/10)
To C's Capital A/c		24000	(120000*2/10)

Note :

In the absence of information we will assume that there is no claim for workmen compensation

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Question 14(ii)

Same as above

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Question 15

Workmen Compensation Reserve A/c Dr..	120000
To Workmen Compensation Claim		80000
To X's Capital A/c		20000	(40000*5/10)
To Y's Capital A/c		12000	(40000*3/10)
To Z's Capital A/c		8000	(40000*2/10)

Note :

(Rs 80000 transferred to workmen compensation claim and balance distributed in old ratio)

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Question 16

Workmen Compensation Reserve A/c Dr..	120000
Revaluation A/c Dr..	30000
To Workmen Compensation Claim		150000

Ashok Capital A/c Dr..	15000
Bhim Capital A/c Dr..	9000
Chetan Capital A/c Dr..	6000
To Revaluation A/c		30000

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Question 17

Investment Fluctuation Reserve A/c Dr..	20000
To Investment A/c		5000	(1L Less 95K)
To A's Capital A/c		7500
To B's Capital A/c		4500
To C's Capital A/c		3000

Note :

Due to fall in market value, there is a loss of Rs 5000 in investments

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Question 18 (i)

Note :

Since market value is not given in question

So we assume that there is no fall in value of investments

So full reserve transferred to partners capital A/c

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Question 18 (ii)

Note :

The market value of investment is same as Book Value

There is no fall in value of investments and so reserve transferred to partners capital A/c

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Question 18 (iii)

Investment Fluctuation Reserve A/c Dr..	60000
To Nitin Capital A/c		20000
To Tarun Capital A/c		20000
To Samar Capital A/c		20000

Investments A/c Dr..	24000
To Revaluation A/c		24000

Revaluation A/c Dr..	24000
To Nitin Capital A/c		8000
To Tarun Capital A/c		8000
To Samar Capital A/c		8000

Note :

The market value of investment is higher than Book Value

There is no fall in value of investments and so reserve transferred to partners capital A/c

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Question 18 (iv)

Investment Fluctuation Reserve A/c Dr..	60000
To Investment A/c		30000	(4L Less 3.7L)
To Nitin Capital A/c		10000
To Tarun Capital A/c		10000
To Samar Capital A/c		10000

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Question 18 (v)

Investment Fluctuation Reserve A/c Dr..	60000
Revaluation A/c Dr..	30000		(90K Less 60K)
To Investment A/c		90000

Nitin Capital A/c Dr..	10000
Tarun Capital A/c Dr..	10000
Samar Capital A/c Dr..	10000
To Revaluation A/c		30000

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Question 19

Old Ratio		Anu	Manu	Sonu	Rohan	Total
		1	2	1	2	6

New ratio		Anu	Manu	Sonu	Rohan	Total
		2	4	1	3	10

Gain/Sacrifice	Anu	Manu	Sonu	Rohan	Total
	-1/30	-1/15	1/15	1/30	0
	Gain	Gain	Sacrifice	Sacrifice

Journal entry for Goodwill
Anu Capital A/c Dr..	15000		(450000*1/30)
Manu Capital A/c Dr..	30000		(450000*1/15)
To Sonu Capital A/c		30000	(450000*1/15)
To Rohan Capital A/c		15000	(450000*1/30)

Journal entry for General Reserve in old ratio
General Reserve A/c Dr..	90000
To Anu Capital A/c		15000	(90000*1/6)
To Manu Capital A/c		30000	(90000*2/6)
To Sonu Capital A/c		15000	(90000*1/6)
To Rohan Capital A/c		30000	(90000*2/6)

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Question 20

Old Ratio		Soham	Ashish	Vishesh	Rashi	Total
		4	3	2	1	10

New ratio		Soham	Ashish	Vishesh	Rashi	Total
		2	1	1	1	5

Gain/Sacrifice	Soham	Ashish	Vishesh	Rashi	Total
	0	1/10	0	-1/10	0
		Sacrifice		Gain

Journal Entries
Goodwill :
Rashi Capital A/c Dr..	50000
To Ashish Capital A/c		50000

General Reserve (In Old Ratio):
General Reserve A/c Dr..	80000
To Soham Capital A/c		32000
To Ashish Capital A/c		24000
To Vishesh Capital A/c		16000
To Rashi Capital A/c		8000

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Q 1-10 | Q 11-20 | Q 21-31 |

T S Grewal Solutions – Change in Profit Sharing Ratio – All Questions

T S Grewal Solutions Class 12 2026-27 – All Chapters

Investment Fluctuation Reserve A/c Dr..

To Nitin Capital A/c

To Tarun Capital A/c

To Samar Capital A/c