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The following are the profits of a firm in the last five years: 2014: ₹ 10,000; 2015: ₹ 11,000; 2016: ₹ 12,000; 2017: ₹ 13,000 and 2018: ₹ 14,000 Calculate the value of goodwill at 2 - Accountancy

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प्रश्न

The following are the profits of a firm in the last five years:

2014: ₹ 10,000; 2015: ₹ 11,000; 2016: ₹ 12,000; 2017: ₹ 13,000 and 2018: ₹ 14,000

Calculate the value of goodwill at 2 years purchase of average profit of five years.

बेरीज
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उत्तर

Years Profit
2014 ₹ 10,000
2015 ₹ 11,000
2016 ₹ 12,000
2017 ₹ 13,000
2018 ₹ 14,000
Total profit ₹ 60,000

Average profit = `"Total profit"/"Number of years"`

= `(60,000)/5`

= ₹ 12,000

Valuation of goodwill = Average profit × No. of years purchase

= ₹ 12,000 × 2 years

= ₹ 24,000

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पाठ 4: Goodwill in partnership accounts - Exercises [पृष्ठ १३३]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 4 Goodwill in partnership accounts
Exercises | Q IV 1. | पृष्ठ १३३
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