Calculate goodwill of the firm.
25. On 1st April, 2020, an existing firm had assets of 75,000 including cash of 5,000. Its creditors
amounted to 5,000 on that date. The firm had a Reserve of 10,000 while Partners' Capital Account
showed a balance of 60,000. If Normal Rate of Return is 20% and goodwill of the firm is valued a
24,000 at four years' purchase of super profit, find average profit per year of the existing firm.
Answers
Answer:
Calculate goodwill of the firm.
25. On 1st April, 2020, an existing firm had assets of 75,000 including cash of 5,000. Its creditors
amounted to 5,000 on that date. The firm had a Reserve of 10,000 while Partners' Capital Account
showed a balance of 60,000. If Normal Rate of Return is 20% and goodwill of the firm is valued a
24,000 at four years' purchase of super profit, find average profit per year of the existing firm.
Write a Python program to generate a bar chart for the following information.
(7)
Student name Percentage
Anil 94
Vilas 85
Dharma 45
Mahan 25
Manish 50
Rajesh 54
• The bar chart should have green colour bars.
• There should be proper labels for X and Y axis.
• The Title of the chart should be ‘Percentage of Marks achieved by student class XII'.
• Draw the chart generated in you PC in the answer paper.