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प्रश्न
Capital of the firm of Sharma and Verma is ₹ 2,00,000 and the market rate of interest is 15%. Annual salary to partners is ₹ 12,000 each. The profits for the last three years were ₹ 60,000; ₹ 72,000 and ₹ 84,000. Goodwill is to be valued at 2 years' purchase of last 3 years' average super profit.
Calculate goodwill of the firm.
उत्तर
Goodwill = Super Profit x Number of Years' Purchase
Normal Profit = Capital Investment x `"Normal Rate of Return"/100`
= 2,00,000 x `15/100` = Rs. 30,000.
| Year | Profit before Partner’s Salary | – | Partner’s Salary | = | Actual Profit after Salary |
| 1 | 60,000 | – | 24,000 | = | 36,000 |
| 2 | 72,000 | – | 24,000 | = | 48,000 |
| 3 | 84,000 | – | 24,000 | = | 60,000 |
Average Actual Profit after Salary to Partners = `[36,000 + 48,000 + 60,000]/3 = (1,44,000)/3`
= 48,000 - 30,000
= 18,000
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Assets | Amount (₹) |
|
| Capital A/cs: | Land and Building | 10,00,000 | ||
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|
| Capital A/cs: | Furniture | 4,00,000 | ||
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| Cash in Hand | 50,000 | |||
| Cash at Bank | 2,00,000 | |||
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From the following information, calculate value of goodwill of the firm:
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(b) Net Profit/(Loss) of the firm for the last three years ended are:
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Super profit is the difference between _____________.
When the average profit is ₹ 25,000 and the normal profit is ₹ 15,000, super profit is __________.
If average capital employed in a firm is ₹8,00,000, average of actual profits is ₹1,80,000 and normal rate of return is10%, then value of goodwill as per capitalization of average profits is ______.
What are the methods of valuation of goodwill?
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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.
