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प्रश्न
Aayush and Aarushi are partners sharing profits and losses in the ratio of 3 : 2. They admitted Naveen into partnership for 1/4th share. Goodwill of the firm was to be valued at three years' purchase of super profits. Average net profit of the firm was ₹ 20,000. Capital investment in the business was ₹ 50,000 and Normal Rate of Return was 10%. Calculate the amount of Goodwill premium brought by Naveen.
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उत्तर
Average Net Profit = ₹20,000
Capital Investment or Capital Employed = ₹50,000
Normal Rate of Return= 10%
`=₹ 50,000 xx 10/100 = ₹ 5,000 `
Super Profit = Average Profit - Normal Profit
= ₹ 20,000 - ₹ 5,000
=₹ 15,000
Goodwill = Super profit × Number of year's of purchase
=₹ 15,000 × 3
=₹ 45,000
Naveen's share = `1/4`
Goodwill to be brought by Naveen = `₹ 45,000 xx 1/4 = ₹ 11,250 `
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संबंधित प्रश्न
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Select the most appropriate answer from the alternative given below and rewrite the sentence.
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The new partner must pay his share of goodwill in cash only.
State True or False with reason.
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State 'True' or 'False'
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| Balance Sheet as at 31st March,2021 | |||||
| Liabilities | Amount (₹) | Assets | Amount (₹) | ||
| Sundry Creditors | 56,500 | Cash | 1,17,300 | ||
| Bank Overdraft | 61,500 | Debtors | 38,000 | ||
| Workmen’s Compensation Reserve | 32,000 | Less: Provision For Doubtful Debts | (2,300) | 35,700 | |
| Capitals: | Inventories | 1,34,000 | |||
| Gini | 4,60,000 | Machinery | 1,00,000 | ||
| Bini | 3,00,000 | Furniture | 1,80,000 | ||
| Mini | 2,90,000 | 10,50,000 | Building | 5,70,000 | |
| Goodwill | 63,000 | ||||
| 12,00,000 | 12,00,000 | ||||
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| Year ending on 31st March, 2019 | ₹ 50,000 (Profit) |
| Year ending on 31st March, 2020 | ₹ 1,20,000 (Profit) |
| Year ending on 31st March, 2021 | ₹ 1,80,000 (Profit) |
| Year ending on 31st March, 2022 | ₹ 70,000 (Loss) |
On 1st April, 2021 a Motor Bike costing ₹ 50,000 was purchased and debited to travelling expenses account, on which depreciation is to be charged @ 20% p.a by Straight Line Method. The firm also paid an annual insurance premium of ₹ 20,000 which had already been charged to Profit and Loss Account for all the years.
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Nita and Samar are partners in a firm sharing profits in the ratio of 3 : 2. Their fixed capitals were ₹ 90,000 and ₹ 2,10,000 respectively. They admitted Mitali on April 1, 2022 as a new partner for 1/5th share in future profits. Mitali brought ₹ 1,50,000 as her capital. The value of goodwill of the firm of Mitali's admission was ______.
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______ means profit which is earned over and above the normal profit.
Aman and Vinod are partners in a firm. Their Balance Sheet showed:
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