Question

23,00,000 - 1.00,000 - 5.60,000 =
and Karuna are partners for equal shares. They admit Lata into partnership for to share it was
16.40.000)
ed to value goodwill of the firm at 4 years purchase of super profit. Normal rate of retum
the capital employed. Average profit of the firm is
of
400,000. Balance Sheet of the firm as at 31st Mare
2012 was as follows:
Assets
5,00,000
5,00,000
on
loan
ditors
oing Expenses
om Customers
10,00.000
5.50,000
2,00,000
50.000
1.50,000
Fumiture
Computers
Electrical Fittings
Investments (Trade)
Stock
Sundry Debtors
Bills Receivable
Cash in Hand
Cash at Bank
Deferred Revenue Expenditure
Advertisement Suspense
300.000
100.000
200.000
300.000
300.000
50.000
D
2.00000
50000
19.50.000
te the value of goodwill.​

Answer 1

Answer:

Uhmm excuse me? mind attaching the clip?

Cz its barely readable