The profits earned by a business over the last 5 years are as follows: Rs12,000 , Rs13.000, Rs 14,000 , Rs 18,000 and Rs 2,000 (loss). Based on 2 years purchase of the last 5 years profits value of Goodwill will be:

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.

The capital of the firm of Anu and Benu is Rs. 1,00,000 and the market rate of interest is 15%. Annual salary to partners is Rs. 6,000 each. The 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’ average super profits. Calculate the goodwill of the firm.

Capital of the firm fo Sharma and Verma is Rs. 2,00,000 and the market rate of interest is 15% . Annual salary to partners is Rs. 12,000 each. The profits for the last three years were Rs. 60,000, Rs. 72,000 and Rs. 84,000. Goodwill is to be valued at 2 years' purchase of last 3 years' average super profit. Calculate goodwill of the firm.

The books of Ram and Bharti showed that the capital employed on 31.12.2016 was Rs. 5,00,000 and the profits for the last 5 years: 2015 Rs. 40,000, 2014 Rs.50,000, 2013 Rs. 55,000, 2012 Rs. 70,000 and 2011 Rs. 85,000. Calculate the value of goodwill on the basis of 3 year purchase of the average super profits of the last 5 years assuming that the normal rate of return is 10%.

Charu and Disnesh have been sharing profits in the ratio of 3 : 1. The net profits for the past four years have been Rs. 60,000, Rs. 50,000, Rs. 90,000 and Rs. 1,20,000 respectively. It is now agreed that in future Dinesh is to have 2/5th share in profits and for that purpose goodwill is to be valued on the basis of 2 (1)/(2) year's purchase of average profits of the past four years. Give journal entry for the treatment of goodwill.

Average profit of a business over the last five years was Rs.60,000. The normal commercial yield on capital invested in such business is 10% p.a. Net capital invested in the business is Rs.5,00,000. Amount of goodwill, if it is based on year's purchase of last 5 year 's super profits will be