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प्रश्न
Ajeet and Baljeet are partners in a firm. Their capitals are ₹ 9,00,000 and ₹ 6,00,000 respectively. During the year ended 31st March, 2019 the firm earned a profit of ₹ 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.
उत्तर
Capital Employed = `( Total Liabilities - Current Liabilities)
= Rs. ( 9,00,000 + 6,00,000) = Rs. 15,00,000
Normal Profits = `("Capital employed" xx "Normal Rate of Return"/100)`
= Rs. 15,00,000 x `20/100` = Rs. 3,00,000
Average Profit = Rs. 4,50,000
Super Profits = Average Profit - Normal Profits
= Rs. 4,50,000 - 3,00,000 = Rs. 1,50,000
(i) As per Capitalisation Method,
Goodwill = `("Super Profits" xx 100/"Normal Rate of Return")`
= Rs. 1,50,000 x `100/20` = Rs. 7,50,000
(ii) As per Super Profit Method,
Goodwill = Super Profit x No. of years of Purchase
= Rs. 1,50,000 x 2 = Rs. 3,00,000.
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संबंधित प्रश्न
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| Year | 2018-19 | 2017-18 | 2016-17 | 2015-16 | 2014-15 |
| Profits (₹) | 8,00,000 | 15,00,000 | 18,00,000 | 4,00,000 (Loss) |
13,00,000 |
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| Liabilities | Amount (₹) |
Assets | Amount (₹) |
|
| Capital A/cs: | Land and Building | 10,00,000 | ||
| Shyam | 5,00,000 | Furniture | 2,00,000 | |
| Sunder | 5,00,000 | 10,00,000 | Investments | 1,00,000 |
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| Sundry Creditors | 4,00,000 | Cash at Bank | 1,00,000 | |
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| 23,00,000 | | 23,00,000 | ||
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| Liabilities |
Amount (₹) |
Assets | Amount (₹) |
|
| Capital A/cs: | Furniture | 4,00,000 | ||
| Varuna | 5,00,000 | Computers | 3,00,000 | |
| Karuna | 5,00,000 | 10,00,000 | Electrical Fittings | 1,00,000 |
| Long-term Loan | 5,50,000 | Investments (Trade) | 2,00,000 | |
| Sundry Creditors | 2,00,000 | Stock | 3,00,000 | |
| Outstanding Expenses | 50,000 | Sundry Debtors | 3,00,000 | |
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| Cash in Hand | 50,000 | |||
| Cash at Bank | 2,00,000 | |||
| Deferred Revenue Expenditure: | ||||
| Advertisement Suspense | 50,000 | |||
| 19,50,000 | 19,50,000 | |||
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