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Question 18 Chapter 3 of +2 Part-1 - USHA Publication 12 Class Part - 1

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Question 18 Chapter 3 of +2-Part-1

18. (Capitalisation of super profit) The assets of a firm are Rs.26,000 and liabilities other than capital are Rs.6,000. The normal rate of profit in this type of business is 12½% whereas the firm earns a profit of Rs.8,400. Calculate the amount of goodwill on the basis of capitalization of the super profit method.

The solution of Question 18 Chapter 3 of +2 Part-1: -

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Normal Profit	=	Capital Employed	X	Normal Rate of Return
	=	Capital Employed	X	100

	=	20,000 (i.e. 26,000-6,000)	X	12.5
	=	20,000 (i.e. 26,000-6,000)	X	100

	=	2,500

Super Profit	=	Actual Profit - Normal Profit
	=	8,400 - 2,500
	=	5,900

Goodwill	=	Super Profit	X	100
	=	Super Profit	X	Normal Rate of Return

	=	5,900	X	100
	=	5,900	X	12.5

	=	47,200

Question 18 Chapter 3 of +2 Part-1 - USHA Publication 12 Class Part - 1

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The solution of Question 18 Chapter 3 of +2 Part-1: -

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