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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Om and Shyam are sharing profits and losses equally. With effect from 1st April, 2025, they agree to share profits in the ratio of 4 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio.
Old Ratio (Om : Shyam) = 1 : 1; New Ratio = 4 : 3.
Sacrifice / (Gain) = Old Share – New Share:
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 12 Chapter 3 Q.1 - Change in Profit-Sharing Ratio Among the Existing Partners", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 3 - Change in Profit-Sharing Ratio Among the Existing Partners.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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