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The capital of the firm of anu and bena is rs 100000 and the market value of internet is 15% annual salary to partners is rs 6000 each the profits for last 3 years were ₹30000,₹36000 and ₹42000 goodwill is to be valued at 2years purchase of the last 3 year average super profit calculate the goodwill of the firm?
Most Upvoted Answer
The capital of the firm of anu and bena is rs 100000 and the market va...
Calculation of Goodwill of the Firm of Anu and Bena


Given Information


  • Capital of the firm = Rs 100000

  • Market value of internet = 15%

  • Annual salary to partners = Rs 6000 each

  • Profits for last 3 years = Rs 30000, Rs 36000, and Rs 42000



Calculation of Super Profit

Super Profit = Average Profits - Normal Profits


  • Average Profits = (Rs 30000 + Rs 36000 + Rs 42000) / 3 = Rs 36000

  • Normal Profits = Capital x Market Value of Internet = Rs 100000 x 15% = Rs 15000

  • Super Profit = Rs 36000 - Rs 15000 = Rs 21000



Calculation of Goodwill

Goodwill = 2 Years Purchase of Super Profit


  • Goodwill = 2 x Rs 21000 = Rs 42000



Conclusion

The goodwill of the firm of Anu and Bena is Rs 42000, calculated based on the last 3 year average super profit. This value is used to estimate the value of the intangible assets of the firm, which are not reflected in the capital and profits of the firm.
Community Answer
The capital of the firm of anu and bena is rs 100000 and the market va...
Average profit
30000+36000+42000/3
=96000
normal profit=
capital * rate of interest/100
100000*15/100
=15000
add salary: 6000*2 = 12000
Goodwill = average profit * number of year purchased
96000*2
192000
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The capital of the firm of anu and bena is rs 100000 and the market value of internet is 15% annual salary to partners is rs 6000 each the profits for last 3 years were ₹30000,₹36000 and ₹42000 goodwill is to be valued at 2years purchase of the last 3 year average super profit calculate the goodwill of the firm?
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The capital of the firm of anu and bena is rs 100000 and the market value of internet is 15% annual salary to partners is rs 6000 each the profits for last 3 years were ₹30000,₹36000 and ₹42000 goodwill is to be valued at 2years purchase of the last 3 year average super profit calculate the goodwill of the firm? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The capital of the firm of anu and bena is rs 100000 and the market value of internet is 15% annual salary to partners is rs 6000 each the profits for last 3 years were ₹30000,₹36000 and ₹42000 goodwill is to be valued at 2years purchase of the last 3 year average super profit calculate the goodwill of the firm? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The capital of the firm of anu and bena is rs 100000 and the market value of internet is 15% annual salary to partners is rs 6000 each the profits for last 3 years were ₹30000,₹36000 and ₹42000 goodwill is to be valued at 2years purchase of the last 3 year average super profit calculate the goodwill of the firm?.
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