A and B are partners. They admit C for `(1)/(4)`th share in profits. For this purpose goodwill is to be valued at three year's purchase of super profits.
Following information is provided to you :
`{:(,"Rs."),("A's Capital","5,00,000"),("B's Capital","4,00,000"),("General Reserve","1,50,000"),("Profit & Loss A/c (Cr.)","30,000"),("Sundry Assets","12,00,000"):}`
The normal rate of return is 15% p.a Average Profits are Rs. 2,00,000 per year. You are required to calculate C's share of goodwill.

A and B are partners sharing profits and losses in the ratio of 5 : 3. ON 1st April, 2019, C is admitted to the partnership for 1/4th share fo profits. For this purpose, goodwill is to be valued at two years' purchase of last three years' profits (after allowing partners' remuneration). Profits to be weighted 1 : 2 : 3, the greatest weight being given to last year. Net profit before partners' remuneration were: 2016 - 17 : Rs. 2,00,000, 2017 - 18 : Rs. 2,30,000, 2018 - 19 : Rs. 2,50,000. The remuneration of the partners is estimated to be Rs. 90,000 p.a. Calculate ammount of goodwill.

Calculate Goodwill on the basis of two years' purchase of average profits of last six years. Profits are as follows : {:("Year","Rs.","Profit/Loss"),("1st A","60,000","Profit"),("2nd","40,000","Loss"),("3rd","30,000","Loss"),("4th","1,00,000","Profit"),("5th","1,70,000","Profit"),("6th","2,20,000","Profit"):}

Capital invested in a firm is Rs. 3,00,000. Normal rate of return is 10%. Average profits of the firm are Rs. 41,000 (after an abnormal loss of Rs. 2,000). Calculate goodwill at five times the super profits.

Anshul and Parul are partners sharing profits in the ratio of 3 : 2. They admit Payal as partner for 1/4th share in profits on 1st April, 2019. Payal brings RS.5,00,000 as capital and her share of goodwill by cheque. It was agreed to value goodwill at three year's purchase of average profit of last four years: {:("Profit for the last years ended 31st March were:","RS."),("2015-16","4,00,000"),("2016-17","5,00,000"),("2017-18","6,00,000"),("2018-19","7,00,000"):} Additional Information: 1. Closing stock for the year ended 31st March, 2018 was overvalued by RS.50,000. 2. RS.1,00,000 should be charged annually to cover management cost. Pass necessary Journal entries on Payal's admission.

Capital invested in a firm is Rs 5,00,000. Normal rte of return is 10%. Average profits of the firm are Rs 64,000 (after an abnormal loss of Rs 4,000). Value of goodwill at four times the super profits will be :

(Calculation of Average Profit). M/s Hi-Tech India has assets of Rs. 5,00,000 whereas liabilities are: Partners' Capitals - Rs. 3,50,000, General Reserve - Rs. 60,000 and Sundry Creditors - Rs. 90,000. If normal rate fo return is 10% and goodwill of the firm is valued at Rs. 90,000 at 2 years' purchase of super profit, find average profit of the firm.