Rakesh and Ashok earned a profit of Rs. 5,000. They employed capital of Rs. 25,000 in the firm. It is expected that the normal rate fo return is `15%` of the capital. Calculate the goodwill if goodwill is valued at three years' purchase of super profit.

(Calculation of Average Profit). On 1st April, 2018, a firm had assets of Rs. 3,00,000 including cash of Rs. 5,000. The Partners' Capital Accounts showed a balance of Rs. 2,00,000 and the Reserve constituted the rest. If the normal rate Of return is 10% and the goodwill of the firm is valued at Rs. 2,00,000 at four years' purchase fo super profit, find the average profit of the firm.

On April 1, 2018 an existing firm had assets of Rs. 75,000 including cash of Rs. 5,000. The partner's capital accounts showed a balance of Rs. 60,000 and reserve constituted the rest. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs. 24,000 at 4 year's purchase of Super profits, find the average profits of the firm.

On 1st April, 2018 an existing firm had assets of Rs. 2,00,000 including cash of Rs. 4,000. Its creditors amounted to Rs. 10,000 on that date. The partner's capital accounts showed a balance of Rs. 1,60,000 while the general reserve amounted to Rs. 30,000. If the normal rate of return is 15% and the goodwill of the firm is valued at Rs. 36,000 at 3 year's purchase of super profit, find the average profits of the firm.

On 1st April, 2014 a firm had assets of Rs. 1,00,000 excluding stock of Rs. 20,000. Partners' Capital Accounts showed a balance of Rs. 60,000. The current liabilities were Rs. 10,000 and the balance constituted the reserve. If the normal rate of return is 8%, the 'Goodwill' of the firm is valued at Rs. 60,000 at four years purchase of super profit, find the average profit of the firm.

An existing firm had assets of Rs. 4,00,000 including cash of Rs. 15,000. The partner's capital accounts showed a balance of Rs. 3,00,000 and reserves constituted the rest. If the normal rate of return is 12% and the goodwill of the firm is valued at Rs. 50,000 at 2 (1)/(2) year's purchase of super profits, find the average profits of the firm.

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.

On April 1st 2015, an existing firm had assets of Rs. 5,00,000 including cash of Rs. 20,000. the firm had a General Reserve of Rs. 90,000, partner's capital accounts showed a balance of Rs. 3,80,000 and creditors amounted to Rs. 30,000. If the normal rate of return is 20% and the goodwill of the firm is valued at Rs. 64,000 at 4 year's purchase of super profit, find the average profits of the firm.

Average profit of the firm is Rs. 1,50,000. Total tangible assets in the firm are Rs. 14,00,000 and outside liabilities are Rs. 4,00,000. In the same type of business, the normal rate fo return is 10% of the capital employed. Calculate value fo goodwill by Capitalisation of Super Profit Method.

An existing firm had assets of Rs. 4,00,000 including cash of Rs. 15,000. Its creditors amounted to Rs. 20,000 on that date. The partner's capital accounts showed a balance of Rs. 3,00,000 and reserves amounted to Rs. 80,000. If the normal rate of return is 10% and the goodwill of the firm is valued at Rs. 75,000 at 3 year's purchase of super profits, find the average profits of the firm.