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Find out the value of goodwill at three years purchase of weighted average profit of last four years. Year Profit₹ Weight 2015 10,000 1 2016 12,000 2 2017 16,000 3 2018 18,000 4 - Accountancy

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प्रश्न

Find out the value of goodwill at three years purchase of weighted average profit of last four years.

Year Profit
Weight
2015 10,000 1
2016 12,000 2
2017 16,000 3
2018 18,000 4
बेरीज
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उत्तर

Calculation of weighted average profit

Year Profit
(₹)
Weight Amount
(₹)
2015 10,000 1 10,000
2016 12,000 2 24,000
2017 16,000 3 48,000
2018 18,000 4 72,000
Total   10 1,54,000

Weighted average profit = `"Total of weighted profits"/"Total of weights"`

= `154000/10`

= ₹ 15,400

Goodwill = Weighted average profit × No. of years purchase

= ₹ 15,400 × 3

= ₹ 46,200

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पाठ 4: Goodwill in partnership accounts - Exercises [पृष्ठ १३४]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 4 Goodwill in partnership accounts
Exercises | Q IV 6. | पृष्ठ १३४
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