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3. Hemraj. Devraj and Khemraj are in partnership sharing profits and losses equally. They
agreed to take Nemraj as 1/6 the partner. The new profit sharing ratio will be as 4:3:3:2. past
profits of the firm were as follows:
2016 - Rs. 600,000, 2017 - Rs. 750,000 and 2018 - Rs. 900,000.
Capital employed as on 31.12.2018 was Rs. 30,00,000. Normal rate of return 25%.
Determine the value of goodwill using (1) Super profit method and (ii) Capitalization
method.
Show the accounting treatment of goodwill using the super profit value under the following
circumstances.
(i) Goodwill is raised in the books.
(ii) Goodwill is raised in the books but written off immediately.
(iii) Nemraj brought the necessary amount of goodwill.
(iv) Nemraj settled the goodwill privately.
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sorry I don't know really sorryyyyyy
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