Question

LITU
I UI LE UNI. JUUW WUIRIES
Complete the Balance sheet and compute the amount of goodwill from the following information of the
artnership firm
Liabilities
Capital
Creditors
Balance sheet
As at 31 March 2015
Amount
Assets
80,000 Tangible assets
Goodwill
Amount
90,000
It is expected that the average rate of profit is 15% on the capital and the firm earned an average profit
of Rs. 40,000. Goodwill is being valued at 3 years' purchase of super profit
​

Answer 1

Answer:

Did you mean: LITU I UI KE UNI. JUTE QUERIES Complete the Balance sheet and compute the amount of goodwill from the following information of the artnership firm Liabilities Capital Creditors Balance sheet As at 31 March 2015 Amount Assets 80,000 Tangible assets Goodwill Amount 90,000 It is expected that the average rate of profit is 15% on the capital and the firm earned an average profit of Rs. 40,000. Goodwill is being valued at 3 years' purchase of super profit