Question

32. (Weighted Average Profits Method) A and B are partners sharing profits and losses
in 4 : 3 ratio and for the last four years they have been entitled to annual salaries of
90,000 and + 1,50,000 respectively. Following were the profits before charging
salaries—2014–3,52,360; 2015— *2,20,000; 2016— 4,20,000. On 1st April 2016, C
is admitted for 2/9th share.
The godwill is to be valued at 4 year's purchase of last three years' (after allowing
salaries), profits to be weighted 1: 2: 3. The greatest weight being given to last year.
Calculate the value of goodwill.
[Ans. Goodwill = 408 2401​

Answer 1

32. (Weighted Average Profits Method) A and B are partners sharing profits and losses

in 4 : 3 ratio and for the last four years they have been entitled to annual salaries of

90,000 and + 1,50,000 respectively. Following were the profits before charging

salaries—2014–3,52,360; 2015— *2,20,000; 2016— 4,20,000. On 1st April 2016, C

is admitted for 2/9th share.

The godwill is to be valued at 4 year's purchase of last three years' (after allowing

salaries), profits to be weighted 1: 2: 3. The greatest weight being given to last year.

Calculate the value of goodwill.

[Ans. Goodwill = 408 2401

Answer 2

Explanation:

Locomotion means the act or ability of an entity or person to transport or move oneself from place to place.A concept map is a visual organization and representation of knowledge. It shows concepts and ideas and the relationships among them. You create a concept map by writing key words (sometimes enclosed in shapes such as circles, boxes, triangles, etc.) and then drawing arrows between the ideas that are related.

Inventor: Joseph D. Novak