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प्रश्न
Average profit earned by a firm is ₹ 1,00,000 which includes undervaluation of stock of ₹ 40,000 on an average basis. The capital invested in the business is ₹ 6,30,000 and the normal rate of return is 5%. Calculate goodwill of the firm on the basis of 5 times the super profit.
उत्तर
Average normal Profit = (Average Profit + Undervaluation of stock on average basis*)
= Rs. ( 1,00,000 + 40,000) = Rs. 1,40,000
Capital Employed in the business = Rs. 6,30,000
Normal Profits = `( "Capital Employed" xx "Normal Rate of Return"/100)`
= Rs. ( 6,30,000 x `5/100`) = Rs. 31,500
Super Profits = Average Normal Profits - Normal Profits
= Rs. ( 1,40,000 - 31,500) = Rs. 1,08,500
Goodwill = Super Profits x No. of Years of purchase
= Rs. ( 1,08,500 x 5) = Rs. 5,42,500
* Stock has been taken to be closing stock if nothing is specified in the question.
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संबंधित प्रश्न
Compute the value of goodwill on the basis of four years’ purchase of the average profits based on the last five years? The profits for the last five years were as follows:
| Rs. | |
| 2013 | 40,000 |
| 2014 | 50,000 |
| 2015 | 60,000 |
| 2016 | 50,000 |
| 2017 | 60,000 |
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Calculate amount of Goodwill.
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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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| Profits (₹) | 1,01,000 | 1,24,000 | 1,00,000 | 1,40,000 |
| Weights | 1 | 2 | 3 | 4 |
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| Year | Result | Amount (₹) |
| 2015 | Profit | 5,000 |
| 2016 | Profit | 8,000 |
| 2017 | Loss | 3,000 |
| 2018 | Profit | 6,000 |
The following particulars are available in respect of the business carried on by a partnership firm:
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Find out the value of goodwill at three years purchase of weighted average profit of last four years.
| Year | Profit ₹ |
Weight |
| 2015 | 10,000 | 1 |
| 2016 | 12,000 | 2 |
| 2017 | 16,000 | 3 |
| 2018 | 18,000 | 4 |
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Name the method under which the goodwill is valued at the agreed number of 'years' purchase of the average profits of the past few years?
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