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super profit is..?

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super profit is..?

Posted by Deepanshi Gupta 5 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Meghna Thapar 5 years, 3 months ago

Super profit is the method in which an excess of average profits over normal profits. Under this method, goodwill is estimated on the basis of super-profits. Calculate Super Profit as follows: Super Profit = Maintainable Average profits – Normal Profits. Calculate goodwill by multiplying super profit by the number of year's purchase. Super profit is the excess of average profits over normal profits. Under this method, goodwill is calculated on the basis of super profits. Normal rate of return on the capital employed is compared with the actual average profits to find out the super profits.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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