Bhavya and Sakshi are partners in a firm sharing profits and losses in the ratio of 3 2 On 31st Marc...........

Accountancy ( 12th) Change in Profit Sharing Ratio Among the Existing Partners

Bhavya and Sakshi are partners in a firm, sharing profits and losses in the ratio of 3 : 2. On 31st March, 2018 their Balance Sheet was as under:

BALANCE SHEET OF BHAVYA AND SAKSHI

as at 31st March, 2018

Liabilities	Amount	Assets	Amount
Sundry Creditors	13,800	Furniture	16,000
General Reserve	23,400	Land and Building	56,000
Investment Fluctuation Fund	20,000	Investments	30,000
Bhavya's Capital	50,000	Trade Receivables	18,500
Sakshi's Capital	40,000	Cash in Hand	26,700
	1,47,200		1,47,200