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प्रश्न
Ram and Krishna were partners sharing profits and losses in the ratio of 2 : 1. They admitted Shanker as a partner for `1/5` th share in the profits. For this purpose the Goodwill of the firm was to be valued on the basis of three times of last five years average profits. The profits for the last five years were:
| Year | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
| Profit (₹) | 50,000 | 40,000 | 75,000 | (25,000) | 50,000 |
Profit for 2020-21 was calculated after charging ₹ 10,000 for abnormal loss of goods by fire. The value of goodwill of the firm is:
पर्याय
₹ 1,28,000
₹ 2,00,000
₹ 1,90,000
₹ 1,20,000
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उत्तर
₹ 1,20,000
Explanation:
Step 1: Calculate Adjusted Profits
Given profits:
| Year | Profit (₹) | Adjustment | Adjusted Profit (₹) |
| 2019-20 | 50,000 | - | 50,000 |
| 2020-21 | 40,000 | Add back abnormal loss by fire ₹ 10,000 | 50,000 |
| 2021-22 | 75,000 | - | 75,000 |
| 2022-23 | (25,000) | - | (25,000) |
| 2023-24 | 50,000 | - | 50,000 |
Step 2: Calculate Average Profit
Total adjusted profits
= 50,000 + 50,000 + 75,000 − 25,000 + 50,000
= ₹ 2,00,000
Average profit
= ₹ 2,00,000 ÷ 5
= ₹ 40,000
Step 3: Calculate Goodwill
Goodwill is valued at 3 years' purchase of average profits.
Goodwill = ₹ 40,000 × 3 = ₹ 1,20,000
