J and K are partners in a firm. Their capitals are: j Rs. 3,00,000 and K Rs. 2,00,000. During the year ended 31st March, 2010 the firm earned a profit of Rs. 1,50,000. Assuming that the normal rate of return is `20%`, calculate the value of goodwill of the firm:
(i) By Capitalisation Method: and
(ii) By Super Profit Method if the goodwill is valued at 2 years' purchase of super profit.

Ajeet and Baljeet are partners in a firm. Their capitals are Rs. 9,00,000 and Rs. 6,00,000 respectively. During the year ended 31st March, 2019 the firm earned a profit of Rs. 4,50,000. Assuming that the normal rate of return is 20% , calculate value of goodwill of the firm: (i) By Capitalisation Method, and (ii) By Super Profit Method if the goodwill is valued at 2 years' purchase of super profit.

The super profits of a firm are Rs. 14,000. If the normal rate of return is 7%, calculate the amount of goodwill by super profit capitalisation method.

Rajan and Rajani ar partners in a firm. Their capitals were Rajan Rs. 3,00,000, Rajani Rs. 2,00,000. During the year 2018 - 2019, the firm earned a profit of Rs. 1,50,000. Calculate the value of goodwill of the firm by capitalisation of super profit assuming that the normal rate of return is 20% .

A business has earned average profit of Rs. 8,00,000 during the last few years and the normal rate of return in similar business is 10% . Find value of goodwill by: (i) Capitalisation of Super Profit Method, and (ii) Super Profit Method if the goodwill is valued at 3 years' purchase of super profit. assets of the business were Rs. 80,00,000 and its external liabilities Rs. 14,40,000.

A business has earned average profit fo Rs. 4,00,000 during the last few years and the normal rate of return in similar business is 10% . Find value of goodwill by: (i) Capitalisation of Super Profit Method, and (ii) Super Profit Method if the goodwill is valued at 3 years' purchase of super profits. Assets of the business were Rs. 40,00,000 and its external liabilities Rs. 7,20,000.

X and Y are partners sharing profits in the ratio of 3:2. On 1st April,2019, they admitted Z as a new partner for 1/5th share, Z bringsRs 7,50,000 as his capital and necessary share for premium of goodwill. On Z's admission, it is decided that goodwill of the firm will be valued at 2 years' purchase of super profit. During the year ended 31st March, 2019, the firm earned a profit ofRs 3,75,000 and capital employed isRs 12,50,000. Assuming that normal rate of return is 20%, calculate the value of goodwill of the firm and pass necessary Journal entries at time of Z's admission.

Ideal Marketing earned an average profit of Rs. 4,00,000 during the last five years. Normal rate of return on capital employed is 10% . Balance Sheet of the firm as at 31st March, 2019 was as follows: Calculate the value fo goodwill, if it si valued at three years' purchase of Super Profits.

A business has earned average profit of Rs. 1,00,000 during the last few years and the normal rate of return in similar business is 10% . Find out the value of Goodwill by: (i) Capitalisation of Super Profit Method, and (ii) Super Profit Method if the goodwill is valued at 3 years' purchase of super profit. Assets of the business were Rs. 10,00,000 and its external liabilities Rs. 1,80,000.