[CBSE] DK Goel Q. 22 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 22 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Dipu and Raju were partners in a firm. Following balances were appearing in the books of the firms:
| Particulars | ₹ |
| Dipu’s Capital A/c | 3,80,000 |
| Raju’s Capital A/c | 2,90,000 |
| Dipu’s Current A/c (Dr.) | 20,000 |
| Raju’s Current A/c | 50,000 |
| Profit & Loss A/c (Dr.) | 10,000 |
| Deferred Revenue Expenditure | 15,000 |
Profits for last three years ended 31st March, were:
2024 95,000 (including gain of ₹5,000 from sale of Machinery)
2025 ₹72,000 (including loss of a vehicle destroyed by an accident on
31st March, 2025, 24,000)
2026 1,20,000 (includes overvaluation of stock by 12,000)
Calculate Goodwill of the firm by Capitalisation of Super Profit Method;
if normal rate of return in the similar business is 8% p.a.
[Ans. Capital Employed 6,75,000; Average Profit₹98,000; Super Profit 44,000; Goodwill 5,50,000.]
Solution:-
