Solution of Question 19 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The following information relates to a partnership firm: (a) Profits/Losses for the last six years: Years Profits (₹) 1st Year 20,000 2nd Year 60,000…
Solution of Question 18 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The average profits of a firm is ₹ 48,000. The total assets of the firm are ₹ 8,00,000. Value of outside liabilities is ₹…
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…
Solution of Question 16 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The average profits of a firm is ₹ 48,000. The total assets of the firm are ₹ 8,00,000. Value of outside liabilities is ₹…
Solution of Question 15 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) On April 1st 2024, an existing firm had assets of ₹ 5,00,000 including cash of ₹ 20,000. the firm had a General Reserve of…
Solution of Question 14 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) A and B are partners. They admit C for 1/4th share in profits. For this purpose goodwill is to be valued at three year’s…
Solution of Question 13 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Find out the capital employed from the following information: Normal rate of return: 12% Profits:2021-22 80,000 2022-23 1,30,000 2023-24 1,56,000 Goodwill valued at 3…
Solution of Question 12 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The capital of the firm of Anuj and Benu is ₹ 10,00,000 and the market rate of interest is 15%. Annual salary to the…
Solution of Question 11 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Capital invested in a firm is ₹ 3,00,000. Normal rate of return is 10%. Average profits of the firm are ₹ 41,000 (after an…
Results of the CBSE Class 10 and 12 Revaluation Exams for 2024: The results of the class 10 and 12 revaluation exams were released today by the Central Board of Secondary Education. Students who took the test can visit the…
Solution of Question 10 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) A firm earned profits of ₹ 80,000, ₹ 1,00,000, ₹ 1,20,000 and ₹ 1,80,000 during 2010-11, 2011-12, 2012-13 and 2013-14 respectively. The firm has…
Solution of Question 9 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Calculate the value of goodwill on the basis of three year’s purchase of the weighted average profits of the last five years. Profits to…
Solution of Question 8 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Following information is available about the business of a firm: (i) Profits : In 2022, ₹ 40,000; In 2023, ₹ 50,000; In 2024, ₹…
Solution of Question 7 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The profits earned by a firm during the last four years were as follows: Year ended 31st March Profits (₹) 2021 80,000 2022 1,00,000…
Solution of Question 6 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) A, B and C are partners sharing profits and losses equally. They agree to admit D for equal share. For this purpose goodwill is…
