Capitalisation Method (Goodwill) Capitalisation of Average Profit !! (TS Grewal Q26 - Q33)
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Free Notes Download Link - https://t.me/jhansi_institute New Session 2022 -2023 Accountancy According to new CBSE Syllabus, Accounts Chapter 2 Goodwill Nature and Valuation Class 12 New syllabus session 2022 - 23
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GOODWILL
Capitalisation Method
SESSION 2022-23 Chapter 3
Speaker- Pankaj Raikwar
Capitalisation Method
Ques 26. From the following information, calculate value of goodwill of the firm by applying Capitalization Method: Total Capital of the firm
`16,00,000. Normal rate of return 10%. Profit for the year `2,00,000.
Ques 27. A firm earns average profit of ` 3,00,000 during the last few years. The Normal Rate of Return of the industry is 15%. The assets of the business were ` 17,00,000 and its liabilities were ` 2,00,000.
Calculate the goodwill of the firm by Capitalisation of Average Profit Method.
Ques 28. A and B were partners in a firm with capitals of `3,00,000 and `2,00,000 respectively. The normal rate of return was 20% and the capitalised value of average profits was `7,50,000. Calculate goodwill of the firm by capitalisation of average profits method. (CBSE 2020 C)
Ques 29. Puneet and Tarun are in restaurant business having credit balances in their fixed Capital Accounts as `2,50,000 each. They have credit balances in their Current Accounts of `30,000 and `20,000 respectively. The firm does not have any liability. They are regularly earning profits and their average profit of last 5 years is `1,00,000. if the normal rate of return is 10%, find the value of goodwill by Capitalisation of Average Profit Method.
Ques 30. Form the following particulars, calculate value of goodwill of a firm by applying Capitalisation of Average Profit Method:
(i) Profits of last five consecutive years ending 31st March are: 2021 − `54,000; 2020 − `42,000; 2019 − `39,000; 2018 − `67,000 and 2017 − `59,000.
(ii) Capitalisation rate 20%.
(iii) Net assets of the firm ` 2,00,000.
Ques 31. A business has earned average profit of `4,00,000 during the last few years and the normal rate of return in similar business is 10%. Find value of goodwill by:
(i) Capitalisation of Super Profit Method, and
(ii) Super Profit Method if the goodwill is valued at 3 years' purchase of super profits. Assets of the business were ` 40,00,000 and its external liabilities ` 7,20,000.
Ques 32. A firm earns profit of `5,00,000. Normal Rate of Return in a similar type of business is 10%. The value of total assets (excluding goodwill) and total outsiders' liabilities as on the date of goodwill are
`55,00,000 and `14,00,000 respectively. Calculate value of goodwill according to Capitalisation of Super Profit Method as well as Capitalisation of Average Profit Method.
Ques 33. On 1st April, 2018, a firm had assets of ` 1,00,000 excluding stock of ` 20,000. The current liabilities were ` 10,000 and the balance constituted Partners' Capital Accounts. If the normal rate of return is 8%, the Goodwill of the firm is valued of ` 60,000 at four years' purchase of super profit, find the actual profits of the firm.
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Capitalisation method of Goodwill 00:15
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GOODWILL
Capitalisation Method
SESSION 2022-23 Chapter 3
Speaker- Pankaj Raikwar
Capitalisation Method
Ques 26. From the following information, calculate value of goodwill of the firm by applying Capitalization Method: Total Capital of the firm
`16,00,000. Normal rate of return 10%. Profit for the year `2,00,000.
Ques 27. A firm earns average profit of ` 3,00,000 during the last few years. The Normal Rate of Return of the industry is 15%. The assets of the business were ` 17,00,000 and its liabilities were ` 2,00,000.
Calculate the goodwill of the firm by Capitalisation of Average Profit Method.
Ques 28. A and B were partners in a firm with capitals of `3,00,000 and `2,00,000 respectively. The normal rate of return was 20% and the capitalised value of average profits was `7,50,000. Calculate goodwill of the firm by capitalisation of average profits method. (CBSE 2020 C)
Ques 29. Puneet and Tarun are in restaurant business having credit balances in their fixed Capital Accounts as `2,50,000 each. They have credit balances in their Current Accounts of `30,000 and `20,000 respectively. The firm does not have any liability. They are regularly earning profits and their average profit of last 5 years is `1,00,000. if the normal rate of return is 10%, find the value of goodwill by Capitalisation of Average Profit Method.
Ques 30. Form the following particulars, calculate value of goodwill of a firm by applying Capitalisation of Average Profit Method:
(i) Profits of last five consecutive years ending 31st March are: 2021 − `54,000; 2020 − `42,000; 2019 − `39,000; 2018 − `67,000 and 2017 − `59,000.
(ii) Capitalisation rate 20%.
(iii) Net assets of the firm ` 2,00,000.
Ques 31. A business has earned average profit of `4,00,000 during the last few years and the normal rate of return in similar business is 10%. Find value of goodwill by:
(i) Capitalisation of Super Profit Method, and
(ii) Super Profit Method if the goodwill is valued at 3 years' purchase of super profits. Assets of the business were ` 40,00,000 and its external liabilities ` 7,20,000.
Ques 32. A firm earns profit of `5,00,000. Normal Rate of Return in a similar type of business is 10%. The value of total assets (excluding goodwill) and total outsiders' liabilities as on the date of goodwill are
`55,00,000 and `14,00,000 respectively. Calculate value of goodwill according to Capitalisation of Super Profit Method as well as Capitalisation of Average Profit Method.
Ques 33. On 1st April, 2018, a firm had assets of ` 1,00,000 excluding stock of ` 20,000. The current liabilities were ` 10,000 and the balance constituted Partners' Capital Accounts. If the normal rate of return is 8%, the Goodwill of the firm is valued of ` 60,000 at four years' purchase of super profit, find the actual profits of the firm.
THANK YOU!
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#goodwill
#valuationofgoodwillsuperprofitmethod
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