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प्रश्न
A partnership firm earned net profits during the past three years as follows:
| Year ended | 31st March, 2019 | 31st March, 2018 | 31st March, 2017 |
| Net Profit (₹) | 2,30,000 | 2,00,000 | 1,70,000 |
Capital investment in the firm throughout the above-mentioned period has been ₹ 4,00,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. The remuneration of the partners during this period is estimated to be ₹ 1,00,000 p.a.
Calculate value of goodwill on the basis of two years' purchase of average super profit earned during the above-mentioned three year
उत्तर
Goodwill = Super Profit x Number of Years' Purchase
Normal Profit = Capital Investment x `"Normal Rate of return"/100`
= 4,00,000 x `15/100` = Rs. 60,000.
|
Year |
Profit before Partners’ Remuneration |
– |
Partners’ Remuneration |
= |
Actual Profit after Remuneration |
|
2017 |
1,70,000 |
– |
1,00,000 |
= |
70,000 |
|
2018 |
2,00,000 |
– |
1,00,000 |
= |
1,00,000 |
|
2019 |
2,30,000 |
– |
1,00,000 |
= |
1,30,000 |
Average Actual Profit after Remuneration
= `[ 70,000 + 1,00,000 + 1,30,000]/3`
= `[3,00,000]/3` = Rs. 1,00,000
Super Profit = Average Actual Profit after Remuneration - Normal Profit
= 1,00,000 - 60,000 = Rs. 40,000
Number of years’ purchase = 2
∴ Goodwill = Rs. 40,000 x 2 = Rs. 80,000.
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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%?
Calculate value of goodwill on the basis of three years' purchase of average profit of the preceding five years which were as follows:
| 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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| Year | 2015 | 2016 | 2017 | 2018 | 2019 |
| Profit/(Loss) (₹) | 1,50,000 | 3,50,000 | 5,00,000 | 7,10,000 | (5,90,000) |
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| Profits (₹) | 90,000 (Loss) |
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| Year Ended | 31st March, 2015 | 31st March, 2016 | 31st March, 2017 | 31st March, 2018 | 31st March, 2019 |
| Profits (₹) | 1,25,000 | 1,40,000 | 1,20,000 | 55,000 | 2,57,000 |
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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 | |||
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| 23,00,000 | | 23,00,000 | ||
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From the following information, calculate value of goodwill of the firm:
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(iii) On the basis of Capitalisation of Super Profit.
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Information:
(a) Average Capital Employed is ₹ 6,00,000.
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(e) Assets of the firm (excluding goodwill, fictitious assets and non-trade investments) is ₹ 7,00,000 whereas Partners' Capital is ₹ 6,00,000 and Outside Liabilities ₹ 1,00,000.
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Weight |
| 2015 | 10,000 | 1 |
| 2016 | 12,000 | 2 |
| 2017 | 16,000 | 3 |
| 2018 | 18,000 | 4 |
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