Q.23AandBarepartnersinafirm.Theircapitalsare:ARs.3,00,000andBRs.2,00,000during
theyearended31stmarch2019thefirmearnedaprofitofRs.1,50,000.Assumingthatthe
normalrateofreturnis20%.Calculatethegoodwillofthefirm.
(a)Bycapitalizationmethod
(ii)Bysuperprofitmethodifthegoodwillisvaluedat2year’spurchaseofsuperprofit.
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