CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C

Access the latest CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C. We have provided free printable Class 12 Accountancy worksheets in PDF format, specifically designed for Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner. These practice sets are prepared by expert teachers following the 2025-26 syllabus and exam patterns issued by CBSE, NCERT, and KVS.

Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner Accountancy Practice Worksheet for Class 12

Students should use these Class 12 Accountancy chapter-wise worksheets for daily practice to improve their conceptual understanding. This detailed test papers include important questions and solutions for Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner, to help you prepare for school tests and final examination. Regular practice of these Class 12 Accountancy questions will help improve your problem-solving speed and exam accuracy for the 2026 session.

Download Class 12 Accountancy Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner Worksheet PDF

 Goodwill Valuation  
 
I. Following QUESTIONS are of 3 Marks .
 
1 A business has earned average profits of 100000 during the last few years and the normal rate of return in similar business is 10%. Find out the value of goodwill by:
(i) Capitalization of super profit method and
(ii) Super profit method if the goodwill is valued at 3 years purchase of super profit. The assets of the business were 10,00,000 and its external liabilities 1,80,000.
 
2 A partnership firm earned net profits during the last three years as follows:
2014-2015 - 190000
2015-2016 - 220000
2016-2017 - 250000
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 during this period is estimated to be1,00,000 p.a. Calculate the value of goodwill on the basis of (i) two years’ purchases of super profits earned on average basis during the above mentioned three years (ii) by capitalization method.
 
3 What are the factors affecting goodwill?
 
4 Explain the various methods of valuing goodwill.
 
5 The profits for the last five years of a business are 4,000, 6,000, 8,000, 12,000 and 15000. Goodwill is 3 years purchase of the last five years average profits. Calculate goodwill based on average profit method.
 
6 The profits for the last five years of a business are 2010- 4,000, 2011- 6,000, 2012-8,000, 2013 - 12,000 and 2014 - 15000. Goodwill is 3 years purchase of the last five years average profits. Calculate goodwill based on 3 years purchase of weighted average profits after assigning weights 1,2,3,4 and 5respectively to the profits for 2010, 2011, 2012,2013 and
2014.
 
7 Calculate the value of goodwill as on 1.1.2007 on the basis of 3 years purchases of the Average profits of the last 5 years profits. The profits and losses for the years were- 2001- 30,000; 2002- 40,000 (loss); 2003- 92,000; 2004- 55000; 2005- 70000; 2006- 90000. Profit on sale of a fixed asset during 2002 amounted to 2,000, during 2004 amounted to 5000. Loss on sale of a fixed asset during 2006 amounted to 5,000.
 
8 Calculate the value of goodwill as on 1.1.2007 on the basis of 3 years purchases of the Average profits of the last 5 years profits. The profits and losses for the years were- 2001- 30,000; 2002- 40,000 (loss); 2003- 92,000; 2004- 55000; 2005- 70000; 2006- 90000
 
9 Calculate goodwill of a firm on the basis of three year’ purchase of the weighted average profits of the last four years. The profit of the last four years was: 2011 20,200; 2012 . 24,800; 2013 20,000 and 2014 30,000. The weights assigned to each year are: 2011 – 1; 2012 – 2; 2013 – 3 and 2014 – 4.
You are supplied the following information:
 
1. On September 1, 2013 a major plant repair was undertaken for 6,000,which was charged to revenue. The said sum is to be capitalized for goodwill calculation subject to adjustment of depreciation of 10% p.a. on reducing balance method.
 
2. The Closing Stock for the year 2012 was overvalued by 2,400.
 
3. To cover management cost an annual charge of 4,800 should be made for purpose of goodwill valuation.
 
10 A firm earned profits of 80,000, 1,00,000, 1,20,000 and 1,80,000 during 2010-11, 2011-12, 2012-13 and 2013-14 respectively. The firm has capital investment of 5,00,000. A fair rate of return on investment is 15% p.a. Calculate goodwill of the firm based on three years’ purchase of average super profits of last four years.
 
11 From the figures given below, calculate goodwill according to the capitalization of Average Profit Method. Actual Average Profit 72000, Normal Profit @10%, Assets 970000 Liabilities 400000.
 
12 The average net profits Y Ltd. expected in the future are 54000 per year. The average capital employed in the business is 200000. The rate of interest expected from capital invested in this class of business is 10%. The remuneration of the partners is estimated to be 10000 per annum. Find out the value of goodwill on the basis of three years purchase of super profits.
 
13 A firm earns 16200 as its annual profits, the rate of normal profit being 10%. The assets of the firm amounted to 150000. The value of goodwill is 45000. Find the value of outsider’s liabilities.

 

Please click on below link to download CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C

Part 1 Chapter 01 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set C
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set D
CBSE Class 12 Accountancy Fundamentals Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Worksheet Set B
CBSE Class 12 Accountancy Partnership Volume Worksheet
Part 1 Chapter 02 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set A
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set B
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set A
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set B
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set C
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set A
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set B
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C
Part 1 Chapter 03 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Death of A Partner Worksheet Set A
CBSE Class 12 Accountancy Death of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set D
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set B
Part 1 Chapter 04 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set B
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set C
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Accounting For Companies Worksheet
CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set A
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set B
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis of Financial Statements Worksheet
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set A
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set B
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set C
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C
z More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy All Chapters Question Bank
CBSE Class 12 Accountancy All Chapters Worksheet
CBSE Class 12 Accountancy Worksheet Set A Solved
CBSE Class 12 Accountancy Worksheet Set B Solved
CBSE Class 12 Accountancy Worksheet Set C Solved
CBSE Class 12 Accountancy Worksheet Set D Solved
CBSE Class 12 Accountancy Worksheet Set E Solved
CBSE Class 12 Accountancy Worksheet Set F Solved
CBSE Class 12 Accountancy Worksheet Set G Solved
CBSE Class 12 Accountancy Worksheet Set H Solved
CBSE Class 12 Accountancy Worksheet Set I Solved
~ Class 12 Accountancy (Old Chapters)
CBSE Class 12 Accountancy Accounting For Not For Profit Organisation Worksheet
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set B

Important Practice Resources for Class 12 Accountancy

Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner CBSE Class 12 Accountancy Worksheet

Students can use the Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner practice sheet provided above to prepare for their upcoming school tests. This solved questions and answers follow the latest CBSE syllabus for Class 12 Accountancy. You can easily download the PDF format and solve these questions every day to improve your marks. Our expert teachers have made these from the most important topics that are always asked in your exams to help you get more marks in exams.

NCERT Based Questions and Solutions for Part 1 Chapter 2 Reconstitution of a Partnership Firm Admission of a Partner

Our expert team has used the official NCERT book for Class 12 Accountancy to create this practice material for students. After solving the questions our teachers have also suggested to study the NCERT solutions  which will help you to understand the best way to solve problems in Accountancy. You can get all this study material for free on studiestoday.com.

Extra Practice for Accountancy

To get the best results in Class 12, students should try the Accountancy MCQ Test for this chapter. We have also provided printable assignments for Class 12 Accountancy on our website. Regular practice will help you feel more confident and get higher marks in CBSE examinations.

Where can I download the latest PDF for CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C?

You can download the teacher-verified PDF for CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C from StudiesToday.com. These practice sheets for Class 12 Accountancy are designed as per the latest CBSE academic session.

Are these Accountancy Class 12 worksheets based on the 2026 competency-based pattern?

Yes, our CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C?

Yes, we have provided detailed solutions for CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C help in exam preparation?

Daily practice with these Accountancy worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

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All our Class 12 Accountancy practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C without any registration.