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Rajan and Rajani are partners in a firm. Their capitals were Rajan ₹ 3,00,000; Rajani ₹ 2,00,000. During the year 2017-18, the firm earned a profit of ₹ 1,50,000. Calculate the value of goodwill of the firm by capitalisation of super profit assuming that the normal rate of return is 20%. |
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Answer» n:Goodwill = Super PROFIT X Super Profit = Average Profit - Normal Profit Average Profit = 1,50,000 (given) Normal Profit = CAPITAL EMPLOYED x Normal RATE of Return = (3,00,000+2,00,000) x 20% = 1, 00,000 Super Profit = 1,50, 000 - 1, 00, 000 = 50,000 Goodwill = 50, 000 x = 2, 50 , 000 |
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