Solution of Question 52 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The following information relates to a partnership firm: (a) Sundry Assets of the firm ₹ 6,80,000. Outside Liabilities ₹ 60,000. (b) Profits and losses…
Solution of Question 51 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Average profit of the firm is ₹ 3,00,000. Total assets of the firm are ₹ 24,00,000 whereas Partner’s Capital is ₹ 20,00,000. If normal…
Solution of Question 50 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) A partnership firm earned net profits during the last three years as follows: Years Net Profit (₹) 2021 – 22 1,90,000 2022 – 23…
Solution of Question 48 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) An existing firm had assets of ₹ 4,00,000 including cash of ₹ 15,000. Its creditors amounted to ₹ 20,000 on that date. The partner’s…
Solution of Question 49 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Yash and Karan were partners in an interior designer firm. Their fixed capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. There were credit balances…
Solution of Question 47 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) From the information given below, find the average profits of the partnership firm of Sudhir and Sana. (a) The firm has total assets of…
Solution of Question 46 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) A firm earns a profit of ₹ 37,000 per year. In the same business a 10% return is generally expected. The total assets of…
Solution of Question 45 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Calculate the value of goodwill at 2 year’s purchase of the average profits of the last 3 years. The profit for the first year…
Solution of Question 44 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Calculate the value of goodwill as on 1st April, 2024, on the basis of 2 and 1/2 year’s purchase of the average profits of…
Solution of Question 43 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) The average profit earned by a firm is ₹ 75,000 which includes undervaluation of stock of ₹ 5,000 on an average basis. The capital…
Solution of Question 42 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Amit, Archit and Akshat are partners in a firm in the ratio of 3 : 2 : 1. On 1st April, 2023 they decided…
Solution of Question 41 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) L, M and N are partners sharing profits and losses in equal proportion. On 31st March 2021, their balance sheet was as follows: Liabilities…
Solution of Question 40 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) P, Q and R are in partnership sharing profits and losses in the ratio of 5 : 4 : 3. On 31st March 2023,…
Solution of Question 39 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) X and Y are partners sharing profits and losses in the ratio of 4 : 3. Their Balance Sheet as at 31st March, 2021…
Solution of Question 38 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25) Aman, Bobby and Chandani were partners in a firm sharing profits and losses in the ratio of 5 : 4 : 1. From 1st…
