Question

A and B are partners in a firm their capital were A is 300000 And B 200000 during the year 2012 the firm earned a profit of ₹150000 calculate the rate of return is 20%

Answer 1

Answer:

goodwill - Rupees 2,50,000

Explanation:

goodwill = Total capitalised value - capital employed

goodwill= 750000 - (300000+200000)

goodwill=750000 - 500000

goodwill = 250000

Answer 2

Answer:

250000

Explanation:

Step 1: Capital Employed Calculation

Capital employed = Total Capital Employed, which is

$= 300000+ 200000 = 500000$

Step 2: Determining the Normal Profit

Normal Profit: $= 500000 * [20/100] = 100000$

Third Step: Average Profit Calculation

$150000$  is the average profit.

Step 4: Super Profit Calculation

Super Profit $= 150000- 100000 = 50000$

Step 5: Goodwill calculation:

Goodwill = Super profit 50000 x  [100/Normal Rate of Return]

$= 50000 * [100/20] = 250000$

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