Question

28. A and B were partners in a firm with capitals of 3,00,000 and 2,00,000 respectively. The normal rate
of return was 20% and the capitalised value of average profits was 7,50,000. Calculate goodwill of the
firm by capitalisation of average profits method.
(CBSE 2020
(Ans: Goodwill
-2,50,000.​

Answer 1

Answer:

28. A and B were partners in a firm with capitals of 3,00,000 and 2,00,000 respectively. The normal rate

of return was 20% and the capitalised value of average profits was 7,50,000. Calculate goodwill of the

firm by capitalisation of average profits method.

(CBSE 2020

(Ans: Goodwill

-2,50,000.

Answer 2

Answer:

this is your answer

Step-by-step explanation:

goodwill = capitalised value - capital employed -(1)

since capitalised value of average profit is given i.e 750000 so need not find it out.

keeping in (1) formula 750000-500000

=250000

capital employed = total capitals of partners

300000+200000= 500000