Question

1)
i. Find the goodwill of a firm on the basis of four years’ purchase of the average profits of the
last five years which are as follows:
Year Profit (Loss) (Rs)
2013 10,000
2014 15,000
2015 4,000
2016 (5,000)
2017 6,000
ii. The capital of the firm is Rs. 1,00,000 and the normal rate of return is 8%, the average
profits for the last 5 years are Rs. 12,000. Find goodwill of the firm on the basis of 2 years’
purchase of super profits,
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iii. MNC And Associates earn an average profit of Rs. 30,000 with a capital of Rs. 1,00,000. The
normal rate of return of the business is 8%. Find the goodwill of the firm using the
capitalisation of the super-profits method.

Answer 1

1)24,000

2)8000

3)2,75,000

Answer 2

Answer:

these is a right answer.....