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प्रश्न
Following balances appeared in the books of a partnership firm:
| Capital Accounts ₹ |
Current Accounts ₹ |
|
| Monica | 5,50,000 | 30,000 |
| Nusrat | 6,40,000 | 20,000 (Dr.) |
Profit & Loss A/c (Debit) balance existed at ₹ 3,00,000. The normal rate of return for similar business is 10%.
If the goodwill of the firm is ₹ 60,000 at 4 years' purchase of super profit, find the average profits of the firm.
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उत्तर
We use:
Goodwill = Super Profit × Years’ Purchase
1. Calculate Capital Employed
Capital Accounts:
₹ 5,50,000 + ₹ 6,40,000 = ₹ 11,90,000
Add: Monica's Current A/c (Cr.):
₹ 30,000
Less: Nusrat's Current A/c (Dr.):
₹ 20,000
Less: Profit & Loss A/c (Debit balance):
₹ 3,00,000
Therefore:
Capital Employed = ₹ 11,90,000 + ₹ 30,000 − ₹ 20,000 − ₹ 3,00,000
= ₹ 9,00,000
2. Calculate Normal Profit
Normal rate of return = 10%
Normal Profit = ₹ 9,00,000 × `10/100` = ₹ 90,000
3. Calculate Super Profit
Goodwill = ₹ 60,000
Years' purchase = 4
Super Profit = `(₹ 60,000)/4 = ₹ 15,000`
4. Calculate Average Profit
Super Profit = Average Profit − Normal Profit
Therefore:
Average Profit = Super Profit + Normal Profit
= ₹ 15,000 + ₹ 90,000
= ₹ 1,05,000
