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J and k are partner in a firm. Their capitals are j 300000 and k 200000. During the year ended a profit of 150000 assuming that the normal rate of return is 20%.calculate the value of goodwill of the firm (1) by the capitalisation method and (2) by super profit method if the Goodwill is valued at 2 years purchase of super profit

Posted by Aman Alvi 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Vinay Kumar 5 years, 8 months ago

Goodwill = 7,50,000

Aman Alvi 5 years, 8 months ago

Plz send me answers

ANSWER

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