[CBSE] DK Goel Q. 3 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 3 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Madhur & Co. acquired the business of Vishu for a purchase consideration of ₹ 11,00,000 which was paid by cheque. The assets and liabilities taken over was as follows :
| Particulars | Book value (₹) | Agreed Value (₹) |
| Furniture | 50,000 | 40,000 |
| Debtors | 2,50,000 | Subject to Provision for Doubtful Debts @ 4% |
| Stock | 10,00,000 | 7,20,000 |
| Bank Overdraft | 20,000 | 20,000 |
| Creditors | 1,80,000 | 1,80,000 |
You are required to assertain the value of goodwill and pass necessary
Journal entries.
[Ans. Goodwill 3,00,000.]
Solution:
