[CBSE] DK Goel Q. 17 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)
Solution of Question 17 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25)
Anupama, Purnima and Ruchika are partners in a business. Balances in their Capital and Current Accounts as on 31st March, 2023 were:
Capital Account (₹) | Current Account (₹) | |
Anupama | 6,00,000 | 60,000 (Dr.) |
Purnima | 5,00,000 | 30,000 (Dr.) |
Ruchika | 5,00,000 | 10,000 (Cr.) |
The firm earned an average profit of ₹ 2,40,000. If the normal rate of return is 12%, find the value of goodwill by Capitalisation of Average Profit Method.
![](https://commerceschool.in/wp-content/uploads/2024/07/q17-1024x361.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/07/1-10-1024x457.webp)