[CBSE] DK Goel Q. 21 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 21 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Raju and Rinku were partners sharing profits and losses in the ratio 3: 2. They admitted Sumit as a new partner for 1/3 share. On the date of admission Capitals of Raju and Rinku were 5,50,000 and 6,50,000 respectively, also, General Reserve of 3,00,000 and Profit and Loss (Dr.) balance of 1,00,000 were appearing in the books of accounts.
Firm made an average profits of 2,40,000 during the last few years the normal rate of earning was expected to be 12%.
Calculate the Goodwill of the firm by Capitalisation Method.
(C.B.S.E. Practice Question Papers, 2024)
[Ans. 6,00,000]
Solution:
