DK Goel Solutions Q 20 Chapter 2 Change in Profit Sharing Ratio Class 12 CBSE [2023-24]
Step-by-step solution of Question 20, Chapter 2 Change in Profit-Sharing Ratio Among the Existing Partners, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 20
The following information relates to a partnership firm :
- (a) Profits/Losses for the last six years : 1st year ₹ 20,000 Profit; 2nd year ₹ 60,000 Profit; 3rd year ₹ 10,000 Loss; 4th year ₹ 60,000 Profit; 5th year ₹ 50,000 Profit; 6th year ₹ 72,000 Profit
- (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 super profits.
Solution
All questions of Chapter 2
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About this solution
This is Chapter 2 Change in Profit Sharing Ratio of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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