[CBSE] DK Goel Q. 23 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 23 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Jay and Vijay were partners sharing profits and losses equally. They decided to share future profits in the ratio of 3: 2 w.e.f. 1st April, 2026. From the following Balance Sheet as at 31st March, 2026, calculate the value of goodwill on the basis of Capitalisation of Super Profit Method if the normal rate of return is 10% and average profit is ₹1,80,000.
| Liabilities | ₹ | Assets | ₹ |
| Capital Accounts: Jay Vijay | 8,15,000 6,55,000 | Goodwill | 2,30,000 |
| Profit & Loss A/c | 1,40,000 | Computers | 3,40,000 |
| Sundry Creditors | 3,80,000 | Furniture | 2,00,000 |
| Outstanding Rent | 1,10,000 | Investments (Non-Trade) | 1,65,000 |
| Stock | 4,70,000 | ||
| Sundry Debtors | 6,37,000 | ||
| Cash at Bank | 23,000 | ||
| Advertisement Suspense | 35,000 | ||
| 21,00,000 | 21,00,000 |
[Ans.Capital Employed ₹11,80,000, Goodwill ₹6,20,000.]
Solution:-
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