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प्रश्न
A partnership firm earned net profits during the last three years ended 31st March, as follows: 2017 − ₹ 17,000; 2018 − ₹ 20,000; 2019 − ₹ 23,000.
The capital investment in the firm throughout the above-mentioned period has been ₹ 80,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. Calculate value of goodwill on the basis of two years' purchase of average super profit earned during the above-mentioned three years.
उत्तर
Goodwill = Super Profit x Number of Years' Purchase
Average Actual Profit = `[ 17,000 + 20,000 + 23,000 ]/3`
= `[60,000]/3` = Rs. 20,000.
Normal Profit = Capital Employed x `"Fair Rate of Return"/100`
= 80,000 x `15/100` = Rs. 12,000.
Super Profit = Average Actual Profit - Normal Profit
= 20,000 - 12,000 = Rs. 8,000.
Number of years’ purchase = 2
∴ Goodwill = 8,000 x 2 = Rs. 16,000.
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संबंधित प्रश्न
Profits for the five years ending on 31st March, are as follows:
Year 2015 − ₹ 4,00,000; Year 2016 − ₹ 3,98,000; Year 2017 − ₹ 4,50,000; Year 2018 − ₹ 4,45,000 and Year 2019 − ₹ 5,00,000.
Calculate goodwill of the firm on the basis of 4 years' purchase of 5 years' average profit.
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| 2016-17 | ₹ 1,00,000 (including an abnormal gain of ₹ 12,500). |
| 2017-18 | ₹ 1,25,000 (after charging an abnormal loss of ₹ 25,000). |
| 2018-19 | ₹ 1,12,500 (excluding ₹ 12,500 as insurance premium on firm's property- now to be insured). |
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| Profits (₹) | 80,000 | 145,000 | 160,000 | 200,000 |
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(i) Abnormal loss of ₹ 20,000 was debited to Profit and Loss Account for the year ended 31st March, 2016.
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- The stock was not insured. But, it is decided to insure the stock in the future. The insurance premium is estimated to be ₹ 250 per annum.
You are required to calculate the value of goodwill of the firm on the basis of 2 years purchase of average profits of the last three years.
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The profit for the last five years of a firm was as follows - the year 2002 Rs. 4,00,000; year 2003 Rs. 3,98,000; year 2004 Rs. 4,50,000; year 2005 Rs. 4,45,000 and year 2006 Rs. 5,00,000. Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profits.
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- Calculate the average profit.
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