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प्रश्न
Bharat and Bhushan are partners sharing profits in the ratio of 3 : 2. They decided to admit Manu as a partner from 1st April, 2019 on the following terms:
(i) Manu will be given 2/5th share of the profit.
(ii) Goodwill of the firm will be valued at two years' purchase of three years' normal average profit of the firm.
Profits of the previous three years ended 31st March, were:
2019 - Profit ₹ 30,000 (after debiting loss of stock by fire ₹ 40,000).
2018 - Loss ₹ 80,000 (includes voluntary retirement compensation paid ₹ 1,10,000).
2017 - Profit ₹ 1,10,000 (including a gain (profit) of ₹ 30,000 on the sale of fixed assets).
Calculate the value of goodwill.
उत्तर
Normal Profit for the year ended 31st March,2019 :
= (Total Profit + Loss by fire )
= ₹ ( 30,000 + 40,000) = ₹ 70,000.
Normal Profit for the year ended 31st March,2018 :
= (Total Loss - Voluntary retirement compensation paid )
= ₹ ( 80,000 - 1,10,000 ) = ₹ 30,000.
Normal Profits for the year ended 31st March,2017:
= Rs. (Total Profit - Gain on sale of Fixed Assets )
= Rs. ( 1,10,000 - 30,000) = Rs. 80,000
Average Profits = `("Normal Profit for the year ended 31st March,2017 to 31st March,2019"/5)`
= `([ 70,000 + 30,000 + 80,000 ]/3)`
= Rs. 60,000
Goodwill = Average Profits of last three years x No. of Years of Purchase
Goodwill = Rs.( 60,000 x 2 ) = Rs. 1,20,000
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Super profit is the difference between _____________.
From the following information, calculate the value of goodwill under the annuity method:
| Particulars | ₹ |
| Average profit | 14,000 |
| Normal Profit | 4,000 |
| Normal rate of return | 15% |
| Years of purchase of goodwill | 5 |
Present value of ₹ 1 for 5 years at 15% per annum as per the annuity table is 3.352
The following steps are of which method of goodwill:
- Calculate the average profit.
- Calculate the normal profit on the capital employed on the basis of the normal rate of return.
- Calculate the super-profits by deducting normal profit from the average profits, and
- Calculate goodwill by multiplying the super-profits by the given number of years' purchase.
