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The total capital of the firm of Sakshi,...

The total capital of the firm of Sakshi, Mehak and Megha is Rs. 1,00,000 and the market rate fo interest is `15%`. The net profits for the last 3 years were Rs. 30,000, Rs. 36,000 and Rs. 42,000. Goodwill is to be valued at 2 years' purchase of the last 3 years' super profits. Calculate the goodwill of the firm.

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Verified by Experts

The correct Answer is:
Goodwill - Rs. 42,000.
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TS GREWAL-GOODWILL: NATURE AND VALUATION-Exercise
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  12. Supreet and Subham are equal partners. They decide to admit for 1/3rd ...

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  13. On 1st April, 2019, an existing firm had assets of Rs. 75,000 includi...

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  14. Average profit earned by a firm is Rs. 1,00,000 which includes underv...

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  15. Average profit earned by a firm is Rs. 7,50,000 which includes underv...

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  16. Ayub and Amit are partners in a firm and they admit Jaspal into partne...

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  17. From the following information, calculate value of goodwill of the fir...

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  18. A business has earned average profit of 1,00,000 during the last few y...

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  19. From the following particulars, calculate value of goodwill of a firm ...

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  20. A business has earned average profit fo Rs. 4,00,000 during the last f...

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