[CBSE] DK Goel Q. 17 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

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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
(₹)
Current Account
(₹)
Anupama6,00,00060,000 (Dr.)
Purnima5,00,00030,000 (Dr.)
Ruchika5,00,00010,000 (Cr.)

The firm earned an average profit of ₹ 2,40,000. If the normal rate of return is 12%, find the value of goodwill by Capitalisation of Average Profit Method.

Solution:-

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

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62Question – 62
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