[CBSE] DK Goel Q. 18 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 18 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Following balances appeared in the books of a partnership firm:
| Capital Accounts (₹) | Current Accounts (₹) | |
| Monica | 5,50,000 | 30,000 |
| Nusrat | 6,40,000 | 20,000 |
Profit & Loss A/c (Debit) balance existed at ₹3,00,000. The normal rate of return for similar business is 10%.
If the goodwill of the firm is ₹60,000 at 4 years’ purchase of super profit, find the average profits of the firm.
[Ans. Average Profits 1,05,000]
Solution:-
