# Question 10 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-10 - CH-4 - Usha +2 Book 2018 - Solution

Question 10 Chapter 4 of +2-Part-1

10. (Distribution of Profit and loss account) Sita and Geeta share the profit in 3:2 ratio. On 1st April 2016, the P & L a/c (debit) showed Rs.50,000. They changed their profit sharing ratio to 2:1 but before this change, they distributed the balance in profit and loss a/c.
Pass journal entry.

## The solution of Question 10 Chapter 4 of +2 Part-1: –

Day - 62 | Solution of Questions Reconstitution of firm Chapter No. 4 | Accounts class 12 | PSEB |

 Journal Date Particulars L.F. Debit Credit 1. Sita’s Capital A/c (50,000 x 3/5) Dr. 30,000 Geeta’s Capital A/c (50,000 x 2/5) Dr. 20,000 To Profit and loss A/c 50,000 (Being Balance of P & L A/c distributed among partners in old Profit Sharing Ratio)

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End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 04 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

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### Download a PDF of Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership):

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.