Question 26 Chapter 4 of Class 12 Part – 1 - 2024

Question 26 Chapter 4 of Class 12 Part – 1 - 2024

26. A, B and C were partners, sharing profits and losses in 4:3:2 ratio respectively. They changed their profit-sharing ratio to 2:4:3. On 31st March 2018, when their capitals after necessary adjustments stood at ₹ 39,300; ₹ 39,600 and ₹ 18,300 respectively. The entire capital of the newly constituted firm is fixed at ₹ 1,08,000 as per new profit-sharing ratio. Calculate the actual cash to be paid off or to be brought in by the partners and pass necessary journal entries.

The Solution of Question 26 Chapter 4 of Class 12 Part – 1 - 2024:-

We are providing a solution of Question 26 Chapter 4 of Class 12 Part – 1 - 2024 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

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The video consists solution of question numbers from 24 to 30 Chapter no. 4 class 12 of Usha publication. To check the direct solution of question no. 26 from the following video by using time stamps of the video.

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2. Check out the Solution of this question in Article Format:-

Journal

Date	Particulars		L.F.	Debit	Credit
(i)	A’s Capital a/c	Dr.		15,300
	To Cash a/c				15,300
	(Being excess capital withdrawn by partner)
(ii)	Cash a/c	Dr.		26,100
	To B’s Capital a/c				8,400
	To C’s Capital a/c				17,700
	(Being shortage in the capital brought in by partners)