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Gupta and boss had a firm …

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Gupta and boss had a firm in which they had invested rs. 50000 on a average the profits were 16000 the usual rate of earning in the industry Is 15% of the capitAl calculate the amount of goodwill is valued at three years purchase of super profit

    • Posted by Rakhi Rathore 6 years, 11 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Mayank Singh 6 years, 11 months ago

    Normal profit =50000×15/100 i.e.,7500 Super profit =AP-NP = 16000-7500=8500 Goodwill = SP×3 =8500×3=25500

    0Thank You

    Nikhil Kumar 6 years, 11 months ago

    Normal profit = Capital employed × N.R.R/100 then super profit =Av.profit - Noraml profit and then goodwill

    0Thank You

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