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प्रश्न
On 1st April, 2018, a firm had assets of ₹ 1,00,000 excluding stock of ₹ 20,000. The current liabilities were ₹ 10,000 and the balance constituted Partners' Capital Accounts. If the normal rate of return is 8%, the Goodwill of the firm is valued of ₹ 60,000 at four years' purchase of super profit, find the actual profits of the firm.
उत्तर
Total Assets of the Firm = ( Sundry Assets + Stock )
= Rs. ( 1,00,000 + 20,000) = Rs. 1,20,000
Current Liabilities of the Firm = Rs. 10,000
Capital Employed = ( Total Assets - Current Liabilities)
= Rs. ( 1,20,000 - 10,000) = Rs. 1,10,000
Normal Profits = `("Capital Employed" xx "Normal Rate of Return"/100)`
= Rs. `( 1,10,000 xx 8/100)` = Rs. 8,800
Goodwill = Super Profits x No. of years of Purchase
60,000 = Super Profit x 4
Super Profits = Rs. `( 60,000/4 )` = Rs. 15,000.
Super Profits = Average Actual Profits - Normal Profits
15,000 = Average Actual Profits - 8,800
Average Actual Profits = Rs. ( 15,000 + 8,800 ) = Rs. 23,800.
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संबंधित प्रश्न
A business has earned average profits of Rs. 1,00,000 during the last few years. Find out the value of goodwill by capitalisation method, given that the assets of the business are Rs. 10,00,000 and its external liabilities are Rs. 1,80,000. The normal rate of return is 10%?
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| 2017-18 | ₹ 1,25,000 (after charging an abnormal loss of ₹ 25,000). |
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| Weights | 1 | 2 | 3 | 4 |
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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 |
| Current A/cs: | Sundry Debtors | 5,00,000 | ||
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| Reserves | 3,40,000 | Cash in Hand | 50,000 | |
| Sundry Creditors | 4,00,000 | Cash at Bank | 1,00,000 | |
| Bills Payable | 1,00,000 | |||
| Outstanding Expenses | 60,000 | |||
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