[CBSE] DK Goel Q. 14 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

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 purchase of super profits.

Following information is provided to you:

	₹
A’s Capital	5,00,000
B’s Capital	4,00,000
General Reserve	1,50,000
Profit & Loss A/c (Cr.)	30,000
Sundry Assets	12,00,000

The normal rate of return is 15% p.a. Average Profits are ₹ 2,00,000 per year. You are required to calculate C’s share of goodwill.

[Ans. C’s share of goodwill ₹ 28,500.]

Solution:-

Here are the solutions of Change in Profit Sharing ratio chapter of DK Goel Class 12 CBSE (2024-25)

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14	Question – 14
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