Question 11 (Calculation of New Profit – sharing ratio on the basis of Adjustment of goodwill)
11 :- Nidhi, Vidhi and Kavya are partners sharing profits and losses in the ratio of 2 : 2 : 1. From 1st April 2025, they decide to change the…
A and B are partners in a firm sharing profits
10 :- A and B are partners in a firm sharing profits in the ratio of 2 : 1. They decided that with effect from 1st April 2024, they would…
Question 6 to 10 (Accounting of goodwill)
6 :- Asha, Nisha, and Disha shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April 2025, they agreed to share…
Ram, Laxman and Bharat who were sharing profits and losses
9 :- Ram, Laxman and Bharat who were sharing profits and losses in the ratio of 5 : 3 : 2, decide to share profits and losses equally with effect…
X, Y and Z are partners sharing profits and losses
8 :- X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April 2025, they decided to share profits…
X, Y and Z are partners sharing profits equally
7 :- X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, Firm’s goodwill is…
Asha, Nisha and Disha shared profits and losses
6 :- Asha, Nisha, and Disha shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April 2025, they agreed to share…
Pranav, Karan and Rahim are partners sharing profits
5 :- Pranav, Karan and Rahim are partners sharing profits and losses in an agreed ratio. With effect from 1st April 2025, they agreed to share profit in the ratio…
A, B and C are partners sharing profits and losses
4 :- A, B, and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate the new profit sharing ratio, sacrificing ratio, and…
X, Y and Z are sharing profits and losses
3 :- X, Y, and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April 2025, they decide to share profits…