Accounting Treatment of Goodwill | Change in Profit Sharing Ratio | Partnership Accounts Class 12

 Kabir, Divya and Mansha were partners in a firm sharing profits

and losses in the ratio of 5:4:1. With effect from 1st April 2025, they

decided to share the future profits and losses in the ratio of 4:1:5.

For this purpose, the goodwill of the firm was valued at ₹ 3,00,000.

The necessary journal entry for the treatment of goodwill because of

change in profit sharing ratio will be :

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 Goodwill Using Capitalisation method | Super profits |Partnership Accounts Class 12 | CBSE 2026 PYQs

A business earned average profits of ₹ 60,000 during the last three

years. The normal rate of return on similar business is 12%. The

value of net assets of the business is ₹ 4,00,000.

Calculate the value of goodwill by :

i. Capitalisation of average profits method.

ii. Capitalisation of super profits method.

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Goodwill Using Super Profits Method | Accountancy Class 12 Partnership |CBSE 2026 Question | PYQs

 Goodwill Using Super Profits Method | Accountancy Class 12 Partnership |CBSE 2026 Question | PYQs

Average profits of a firm during the last few years were ₹ 1,60,000.

The normal rate of return in a similar business is 10%. If the

goodwill of the firm is ₹ 4,00,000 at four years purchase of super

profit, find the capital employed by the firm. 

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Coordination in Managerment Class 12 Business Studies Case Studies | CBSE PYQs | How to Solve Cases

'Global Tech Ltd.' was a multinational company that manufactured

modern electronics devices and employed nearly 10,000 people from

across the world. The company had a well-defined organisational

structure with separate departments for finance, marketing and

production. Every department had its own objectives, policies and style of

working. As each department performed its activities in isolation from

others, conflicts arose within the organisation.

Further, due to complex technology involved in producing modern

electronic devices, 'Global Tech Ltd' relied heavily on specialists, The

specialists were confident of their professional knowledge and often did

not consider suggestions from others in matters pertaining to their area

of specialisation. This resulted in conflict among different specialists and

others in the organisation. As the company continued to grow, more

employees from different backgrounds and work habits joined the

organisation. The increasing size of workforce, along with departmental

differences and dependence on specialists, made it difficult to ensure that

everyone worked towards the same organisational goals. Therefore it

became necessary for the management to harmonise individual goals

with organisational goals and integrate the efforts of departments and

specialists to achieve common objectives.

(i) Identify and state the concept which would help 'Global Tech Ltd.' in

bringing together the efforts of employees and specialists to achieve

common goals of the organisation.

(ii) Quoting lines from the given case, state any three points of

importance of the concept identified in (i) above.

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 Retirement of Partner New Profit Sharing Ratio Gain Ratio | Partnership Accounts | Class 12 | PYQs

Vani, Vanya and Ajay were partners in a firm sharing profits and losses

in the ratio of 5:3:2. Vani retired and her share was taken over by Vanya

and Ajay in the ratio of 2:3. The new profit sharing ratio between Vanya

and Aiay after Vani's retirement was : click here for solution

Admission of Partner New Profit Sharing Ratio | Class 12 Partnership Accounts | CBSE PYQs Commerce

Devki and Neena were partners in a firm sharing profits and losses in the

ratio of 4:3. Amar was admitted as a new partner for 1/5th share in the

profits of the firm. Amar acquired 1/3rd of his share from Devki. How

much share did Amar acquire from Neena ?

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Guarantee Of Profits | Partnership Accounts | Class 12 | CBSE Board Exam Previous Years Questions 

Navya, Kartik and Samir were partners in a firm sharing profits and losses in the ratio of 4:3:1. Samir was given a guarantee that his share of profit in any year will not be less than ₹ 57,000. Any deficiency on this account was to be borne by Navya and Kartik equally. The firm earned a profit of ₹ 4,00,000 during the year ended 31st March, 2025. The amount of deficiency borne by Kartik was 

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 Interest on Loan CBSE Question 2026 Accounting for Partnership PYQs

Partnership Accounts: Interest on Loan & No Partnership Deed Rules

Shiv, Riya and Rohit were partners in a firm. On 1st October, 2024 Rohit

had given a loan of ₹ 2,00,000 to the firm, at an interest rate of 10% p.a.

as per the partnership agreement. The accountant of the firm is

emphasizing that interest on loan will be paid at 6% p.a. The amount of

interest on loan paid to Rohit for the year ended 31st March, 2025 will be :

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