CBSE Class 12 Accountancy Change In Profit Sharing Ratio Worksheet Set A

Read and download free pdf of CBSE Class 12 Accountancy Change In Profit Sharing Ratio Worksheet Set A. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests

Change In Profit Sharing Ratio Class 12 Accountancy Worksheet Pdf

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Change In Profit Sharing Ratio in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Change In Profit Sharing Ratio

CBSE Class 12 Accountancy Change in profit sharing ratio. CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

Chapter 2 Change in profit sharing ratio

ONE MARK QUESTION
 
1. At the time of change in profit sharing ratio among the existing partners, where will you record an unrecorded liability?
 
Ans. Revaluation Account-Debit side
 
2. Anand, Bhutan and Chadha are partners sharing profits in ratio of 3:2:1. On 1st April 2007, they decided to share profits equally. Name the partners who is gaining on consequence of such change.
Ans. Chadha.
 
3. Give two characteristics of goodwill.
 
Ans. (i) it is an intangible asset having a definite value.
 
(ii) It helps in earning more profit.
 
4. Name any two factors affecting goodwill of a partnership firm.
 
Ans. (i) Favorable location 
 
(ii) Time period
 
5. In a partnership firm assets are Rs.5, 00,000 and liabilities are Rs. 2, 00,000. The normal profit rate is 15%. State the amount of normal profits. Ans.Rs. 45,000

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