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प्रश्न
From the following information, calculate goodwill of the firm of Anmol and Sujay at the time of admission of Dhruv:
(i) At three years’ purchase of Super Profit.
(ii) On the basis of Capitalisation of Super Profit.
(a) Actual Average Profits of the firm for the last three years are ₹ 25,000.
(b) Normal Rate of Return is 10%.
(c)
| Balance Sheet of Anmol and Sujay As at 31st March, 2019 | ||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) |
| Sundry Creditors | 40,000 | Plant and Machinery | 40,000 | |
| Bills Payable | 10,000 | Land and Building | 80,000 | |
| General Reserve | 20,000 | Investments (Non-trade) | 50,000 | |
| Capital Accounts: | 1,70,000 | Sundry Debtors | 15,000 | |
| Anmol | 80,000 | Bank | 55,000 | |
| Sujay | 90,000 | |||
| 2,40,000 | 2,40,000 | |||
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उत्तर
(i) Valuation of Goodwill on the basis of super profit:
Normal profit = `("Capital employed"xx"Normal rate of return")/100`
∴ Calculation of capital employed: = Total Assets (excluding goodwill) – Outside liabilities
| Bank | 55,000 |
| Sundry Debtors | 15,000 |
| Plant and Machinery | 40,000 |
| Land and Building | 80,000 |
| (–) Outside Liabilities: | |
| Sundry Creditors | (40,000) |
| Bills Payable | (10,000) |
| Capital Employed | 1,40,000 |
Normal profits = `(1,40,000xx10)/100`
= ₹ 14,000
Average profits = ₹ 25,000
Super profits = ₹ 25,000 – ₹ 14,000
= ₹ 11,000
Goodwill Super profit × Number of year’s purchase
Goodwill = 11,000 × 3
= ₹ 33,000
(ii) Valuation of goodwill on the basis of capitalisation of super profit:
Goodwill = `("Super profits"xx100)/"Normal rate of return"`
Average profits = ₹ 25,000
Normal profits = ₹ 14,000 (i.e., 1,40,000 × 10%)
Super profits = ₹ 11,000 (i.e., Average profit – Normal profit)
Goodwill = `(11,000xx100)/10`
= ₹ 1,10,000
