Question

The following is
chandran, as at 314 Mar
5. (Super Profits Method based on Weighted Average Prolits) The folle
Balance Sheet of Quality Traders, a concern owned by Sri Ramchandran, as at a
2011.
Liabilities
Assets
*Creditors
76,080 'Fixed assets
Capital
3.28,000 "Current assets
Reserve
80,000 Investment in shares
4,84,080
2440
4845
da fixed income from
The following net profits were earned which included a fixed in
investment of 4,000 per annum
Year ended 31st March, 2008
* 64,000
Year ended 31st March, 2009
72,000
Year ended 31 March, 2010
86,000
Year ended 31 March, 2011
390,000
Standard rate of return of capital employed in such type of business is
Compute the amount of goodwill of the above business at three years' purchase of
average super profits for four years assuming that each year's profit was immediatel
withdrawn in full by the proprietor.
Weights assigned to different years are as follows:
2008
2009
2010
2011
(Ans. * 1,52,280)
T :​

Answer 1

Answer:

anwer is very easy you do yourself