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प्रश्न
An existing firm had assets of ₹ 4,00,000 including cash of ₹ 15,000. Its creditors amounted to ₹ 20,000 on that date. The partner’s capital accounts showed a balance of ₹ 3,00,000 and reserves amounted to ₹ 80,000. If the normal rate of return is 10% and the goodwill of the firm is valued at ₹ 75,000 at 3 year’s purchase of super profits, find the average profits of the firm.
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उत्तर
Given:
Assets = ₹ 4,00,000
Creditors = ₹ 20,000
Partners’ Capitals = ₹ 3,00,000
Reserves = ₹ 80,000
Normal Rate of Return (NRR) = 10%
Goodwill = ₹ 75,000
Goodwill is based on 3 years’ purchase of Super Profits.
Capital Employed = Total Assets − Outside Liabilities
= 4,00,000 − 20,000
= ₹ 3,80,000
Normal Profit = Capital Employed `xx"NRR"/100`
= `3,80,000 xx 10/100`
= ₹ 38,000
Goodwill = Super Profit × No. of Years’ Purchase
75,000 = Super Profit × 3
Super Profit `= (75,000)/3`
= ₹ 25,000
Super Profit = Average Profit − Normal Profit
25,000 = Average Profit − 38,000
Average Profit = 25,000 + 38,000
Average Profit = ₹ 63,000
