[CBSE] DK Goel Q. 50 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

Solution of Question 50 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25)

A partnership firm earned net profits during the last three years as follows:

Years	Net Profit (₹)
2021 – 22	1,90,000
2022 – 23	2,20,000
2023 – 24	2,50,000

The capital employed in the firm throughout the above mentioned period has been ₹ 4,00,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. The remuneration of all the partners this period is estimated to be ₹ 1,00,000 per annum.

Calculate the value of goodwill on the basis of (i) two year’s purchase of super profits on average basis during the above mentioned three years and (ii) by capitalisation of average profits method.

[Ans. (i) As per Super Profits ₹ 1,20,000. (ii) As per Capitalisation of Average Profits ₹ 4,00,000.]

Solution:-

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

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50	Question – 50

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