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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

The total capitalised value of a business is ₹ 1,00,000; assets are ₹ 1,50,000 and liabilities are ₹ 80,000. The value of goodwill as per the capitalisation method will be ___________. - Accountancy

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Question

The total capitalised value of a business is ₹ 1,00,000; assets are ₹ 1,50,000 and liabilities are ₹ 80,000. The value of goodwill as per the capitalisation method will be ___________.

Options

  • ₹ 40,000

  • ₹ 70,000

  • ₹ 1,00,000

  • ₹ 30,000

MCQ
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Solution

The total capitalised value of a business is ₹ 1,00,000; assets are ₹ 1,50,000 and liabilities are ₹ 80,000. The value of goodwill as per the capitalisation method will be ₹ 30,000.

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Methods of Valuation of Goodwill
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Chapter 4: Goodwill in partnership accounts - Multiple choice questions [Page 132]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 4 Goodwill in partnership accounts
Multiple choice questions | Q I 8. | Page 132

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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:

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How is goodwill calculated under the super profits method?


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