[CBSE] DK Goel Q. 19 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

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
3rd Year	10,000
4th Year	60,000
5th Year	50,000
6th Year	72,000

(b) Average Capital Employed is ₹ 2,00,000.

(c) Rate of normal profit is 15%

Find out the value of goodwill on the basis of :

(I) Four year’s purchase of average profits.

(ii) Four year’s purchase of super profits

(iii) Capitalisation of average profits.

(iv) Capitalisation of Super Profits.

Answers:

(i) On the basis of average profits ₹ 1,68,000.

(ii) On the basis of Super profits ₹ 48,000.

(iii) On the basis of capitalisation of Average profits ₹ 80,000

(iv) On the basis of Capitalistion of Super Profits ₹ 80,000T

Solution:-

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

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