Question

A and B are partners. They admit C for-th share in profits. For this purpose
4
goodwill is to be valued at three year's purchase of super profits.
Following information is provided to you:
₹
A's Capital
5,00,000
B's Capital
4,00,000
General Reserve
1,50,000
Profit & Loss A/c (Cr.)
30,000
Sundry Assets
12,00,000
The normal rate of return is 15%
p.a.
Average Profits are +2,00,000
per year. You
are required to calculate C's share of goodwill.
[Ans. C's share of goodwill *28,500.]
Hint. Sundry Assets will be ignored.​

Answer 1

Answer:

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Answer 2

What kinda question is that