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Q. 26. The following information relates …

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Q. 26. The following information relates to a firm of Yuvraj, Maharaj ar Raghuraj : (a) Profits for the last four years : (Profit) (Profit) (Loss) (Profit) (b) Remuneration to each partner 1,000 p.m. (to be treated as a charge profits). 2012 2013 2014 2015 2,50,000 2,70,000 1,80,000 5,24,000 (c) Average Capital employed in the business 78,00,000. (d) Normal Rate of Return 15%. (e) Assets (excluding goodwill) 78,75,000; Liabilities 32,000. You are required to calculate the value of goodwill: (i) At 2 year's purchase of Average Profits. (ii) At 3 year's purchase of Super Profits. (iii) On the basis of Capitalisation of Super Profits. (iv) On the basis of Capitalisation of Average Profits.

Posted by Madhukar Gupta 1 year, 3 months ago

CBSE > Class 12 > Accountancy

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