33 :- Average profit of a firm during the last few years is Rs 1,50,000. In similar business, the normal rate of return is 10% of the capital employed. Calculate the value of goodwill by capitalization of super profit method if super profits of the firm are Rs 50,000.
34 :- Raja brothers earn an average profits of Rs 30,000 with a capital of Rs 2,00,000. The normal rate of return in the business is 10%. Using capitalization of super profit method, workout the value of the goodwill of the firm.
35 :- Rajan and Rajini are partners in a firm. Their capitals were Rajan Rs 3,00,000: Rajini Rs 2,00,000. During the year ended 31st March, 2024, the firm earned a profit of Rs 1,50,000. Calculate the value of goodwill of the firm by capitalization of super profit assuming that the normal rate of return is 20%.
36 :- A business has earned average profit of Rs 8,00,000 during the last few year and the normal rate of return in similar business is 10%. Find value of goodwill by:
(i) Capitalization of super profit method, and
(ii) Super profit method if the goodwill is valued at 3 years purchase of super profit.
Assets of the business were Rs 80,00,000 and its external liabilities Rs 14,40,000.
37 :- Rohit and Hardik are partners sharing profits and losses equally. They decided to admit Surya as a partner for 1/3 share. For this purpose, the goodwill of the firm is to be valued. From the following information calculate the value of goodwill by :
(i) Capitalisation of average profit method
(ii) Capitalisation of Super Profit Method.
(a) Average Capital Employed : Rs 6,00,000
(b) Normal Rate of Return : 12%
(c) Profit for last three years 2021-22 : Rs 90,000
2022-23 : Rs 80,000
2023-24 : Rs 1,00,000
(d) Assets (Excluding goodwill) : Rs 10,00,000
(e) Liabilties : Rs 4,00,000
38 :- From the following information, calculate value of goodwill of the firm:
- At three years purchase of Average profit
- At three years purchase of Super profit
- On the basis of capitalization of Super profit
- On the basis of capitalization of Average profit.
Information:-
- Average capital employed is Rs 6,00,000
- Net profit/(loss) of the firm for the last three years ended are:
31st March, 2025- Rs 2,00,000, 31st March, 2024 – Rs 1,80,000 and 31st March, 2023 – Rs 1,60,000
- Normal rate of return in similar business is 10%
- Renumeration of Rs 1,00,000 to partners is to be taken as charge against profit.
- Assets of the firm (excluding goodwill, fictitious assets and non-trade investments) is Rs 7,00,000 whereas Partner’s capital is Rs 6,00,000 and outside liabilities Rs 1,00,000
Question 1 to 3 (Average Profit Method)
Question 4 to 7 (Average Profit Method when Past Adjustments are made)
Question 8 to 9 (Weighted Average Profit Method)
Question 10 to 16 (Super Profit Method)
Question 17 to 21 (Calculation of Average Profit, Normal Rate of Return and Capital Employed)
Question 22 to 24 (Super Profit Method when Past Adjustments are Made)
Question 25 to 28 (Capitalisation Method)
Question 29 to 32 (Capitalisation Method)
Question 33 to 38 (Capitalisation of Super profit)