Ravi and Kant are partners in a business with balances in their capital and Current Accounts as on 31st March, 2023 were:
Ravi and Kant are partners in a business with balances in their capital and Current Accounts as on 31st March, 2023 were:
| Capital Account | Current Account | |
| Ravi | ₹ 2,50,00 | ₹ 50,000 (Cr.) |
| Kant | ₹ 3,00,000 | ₹ 25,000 (Cr.) |
The firm earned an average profit of ₹ 1,25,000. If the normal rate of return is 10%, find the value of goodwill by Capitalisation Method.
Anurag Pathak Changed status to publish June 25, 2023
