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The combined capital of X and …

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The combined capital of X and Y is Rs. 2,00,000 and the market rate of interest is12%. Annual salary to partner is Rs. 5,000 each. The profit for the last three years were Rs. 32,000,Rs.45,000,Rs. 55,000. Goodwill is to be valued at 2 year's purchase of average super profit of last three years. Calculate goodwill of the firm.

Posted by Akshat Vijayvergiya 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Diksha Sharma 6 years, 2 months ago

S.P.=A.P-NORMAL PROFIT(capital employed×rate of return/100 A.P.=32000+45000+55000/3 =132000/3 A.P.=44000 And N.P.=200000×12/100 =24000 Now,s.p.=44000+24000 =68000 Multiply it by 2 to calculate goodwill 68000×2=136000.. There can be any calculation mistake but procedure is exact ....

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