Question

Q. 25. A Partnership firm earned net profits during the last three years as follows: Years Net Profit (3) 2015-2016 1,90,000 2016-2017 2,20,000 2017-2018 2,50,000 The capital employed in the firm throughout the above mentioned period has been 4,00,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. The remuneration of all the partners during this period is estimated to be 1,00,000 per annum. Calculate the value of goodwill on the basis of (i) two year's purchase of super profits earned on average basis during the above mentioned three years and (ii) by capitalisation of average profits method.​

Answer 1

Answer:

Hope it helps you !!

Pls mark me brainlist!!

Answer 2

I hope it helps you

#queen