Rajan and Rajani are partners in a firm. Their Capitals were Rajan ₹ 3,00,000; Rajani ₹ 2,00,000. During the year ended 31st March 2023, the firm earned a profit of ₹ 1,50,000. Calculate the value of goodwill of the firm by capitalisation of super profit assuming that the normal rate of return is 20%.

Anurag Pathak
April 18, 2023
[CBSE] TS Grewal Solutions, Accountancy Class 12th, Goodwill

3.34K viewsApril 17, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Goodwill

Anurag Pathak28.35K April 18, 2023 0 Comments

Rajan and Rajani are partners in a firm.

Their Capitals were Rajan ₹ 3,00,000; Rajani ₹ 2,00,000.

During the year ended 31st March 2023, the firm earned a profit of ₹ 1,50,000.

Calculate the value of goodwill of the firm by capitalisation of super profit assuming that the normal rate of return is 20%.

[Ans.: Goodwill – ₹ 2,50,000.]

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