11. A business has earned an average profit of Rs 30,000 and the normal rate of retum in similar type of business is 10%. Find out Goodwill by Capitalisation of Super Profit Method assuming that thebusiness owns total assets worth Rs 3,00,000 and liabilities Rs 50,000.

11. A business has earned an average profit of Rs 30,000 and the norma

1.	11. A business has earned an average profit of Rs 30,000 and the normal rate of retum in similar type of business is 10%. Find out Goodwill by Capitalisation of Super Profit Method assuming that thebusiness owns total assets worth Rs 3,00,000 and liabilities Rs 50,000.
Answer» normal profit ,= capital EMPLOYED × ,normal rate of returncapital employed = assets- LIABILITY = 300000-50000= 250000normal profit = 250000×10/100 = 25000super profit= AVERAGE profit- normal profit= 30000-25000=5000goodwill= 5000×100/10=50000

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11. A business has earned an average profit of Rs 30,000 and the normal rate of retum in similar type of business is 10%. Find out Goodwill by Capitalisation of Super Profit Method assuming that thebusiness owns total assets worth Rs 3,00,000 and liabilities Rs 50,000. ​

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11. A business has earned an average profit of Rs 30,000 and the normal rate of retum in similar type of business is 10%. Find out Goodwill by Capitalisation of Super Profit Method assuming that thebusiness owns total assets worth Rs 3,00,000 and liabilities Rs 50,000.