[CBSE] DK Goel Q. 6 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)

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Solution of Question 6 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25)

A, B and C are partners sharing profits and losses equally. They agree to admit D for equal share. For this purpose goodwill is to be valued at 3 year’s purchase of average profits of last 5 years which were as follows:

Year ending on 31st March 201860,000
Year ending on 31st March 20191,50,000
Year ending on 31st March 2020(20,000)
Year ending on 31st March 20212,00,000
Year ending on 31st March 20221,85,000

On 1st October, 2021 a computer costing ₹ 40,000 was purchased and debited to office expenses account on which depreciation is to be charged @ 25% p.a. Calculate the value of goodwill.

[Ans. Goodwill ₹ 3,66,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

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