Home
Class 12
ACCOUNTS
Ideal Marketing earned an average profit...

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.

Promotional Banner

Similar Questions

Explore conceptually related problems

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.

Varuna and Karuna are partners for equal shares. They admit Lata into partnership for 1/4th share. It was agreed to value goodwill fo the firm at 4 years' purchase fo super profit. Normal rate of return is 15% of the capital employed. Average profit of the firm is Rs. 4,00,000. Balance Sheet of the firm as at 31st March, 2019 was as follows: Calculate the value of goodwill.

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.

A business has earned average profits 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. The assets of the business were Rs. 10,00,000 and its external liabilities Rs. 1,80,000.

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.

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.

A business has earned average profit of Rs. 8,00,000 during the last few years. The normal rate of profit in the similar type of business is 10% .The total value fo assets and liabilities of the business were Rs. 22,00,000 and Rs. 5,60,000 respectively. Calculate the value of goodwill of the firm by super profit method if it is valued at 2 (1)/(2) years' purchase of super profits.

Capital employed in a business is Rs. 2,00,000. The normal rate of return on capital employed is 15%. During the year 2015 the firm earned a profit of Rs. 48,000. Calculate goowdill on the basis of 3 years purchase of super profitgt

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.

Average net profit expected in future by XYZ firm is Rs. 36,000 per year. Average capital employed in the business by the firm is Rs. 2,00,000. The normal rate of return for capital invested in this class of business is 10% . Remuneration of the partners is estimated to be Rs. 6,000 p.a. Calculate the value of goodwill on the basis of two years' purchase of super profit.

Recommended Questions
  1. Ideal Marketing earned an average profit of Rs. 4,00,000 during the la...

    Text Solution

    |

  2. जीवन की उत्पत्ति के समय स्वतंत्र अवस्था में नहीं पायी जाती थी-

    Text Solution

    |

  3. 1.5 वोल्ट का एक आदर्श सेल 100 Omega तथा 200 Omega के प्रतिरोधों क...

    Text Solution

    |

  4. एक इलेक्ट्रॉन वृत्ताकार कक्षा में 6 xx 10 ^(6 ) चक्कर प्रति सेकण्ड की ...

    Text Solution

    |

  5. 0.5 Å त्रिज्या के वृत्त में एक इलेक्ट्रॉन 3 xx 10 ^ (5 ) चक्कर/सेकण...

    Text Solution

    |

  6. 2xx10^(-10) मी त्रिज्या के वृत्ताकार मार्ग पर एक इलेक्ट्रॉन 3 xx 10 ...

    Text Solution

    |

  7. एक स्थान पर पृथ्वी के चुम्बकीय क्षेत्र का ऊर्ध्वाधर घटक 0.2sqrt(3)xx10...

    Text Solution

    |

  8. पाच वर्ष पूर्व, A की आयु B से तीन गुनी थी तथा दस वर्ष बाद A की आयु B स...

    Text Solution

    |

  9. एक व्यक्ति कुछ घनराशि 1296 साधारण ब्याज की दर से तथा कुछ अन्य राशि 10%...

    Text Solution

    |