8 :- Profits of a firm for the year ended 31st March for the last five years were
Calculate the value of goodwill on the basis of three years’ purchase of weighted average profit after assigning weights 1, 2, 3, 4 and 5 respectively to the profits for years ended 31st March 2021, 2022, 2022, 2024 and 2025.
9 :- Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been getting annual salaries of Rs 50,000 and Rs 40,000 respectively. The annual accounts have shown the following net profit before charging partner’s salaries:
Year ended 31st March, 2023 – Rs 1,40,000; 2024 – Rs 1,01,000 and 2025 – Rs 1,30,000.
On 1st April, 2025, Zeenu is admitted to the partnership for 1/4th share in profit (without any salary). The Goodwill is to be valued at four years’ purchase of weighted average profit of the last three years (after partner’s salaries); Profits are to be weighted as 1, 2, and 3, the greatest weight being given to the last year. Calculate the value of Goodwill.
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)