Question : Goodwill is to be calculated at one year's purchase of the average of last three years profit. The profit of the first year was Rs.60,000, second year twice the profit of the first year and the third year one and half times of the profit of second year, goodwill amount will be:

Option 1: Rs.1,50,000

Option 2: Rs.1,20,000

Option 3: Rs.1,20,000

Option 4: Rs.1,30,000

Question : The profits of last three years are Rs.4,20,000, Rs.3,90,000 and Rs.4,50,000. Capital employed is Rs.40,00,000 and normal rate of return is 10%. The amount of goodwill calculated on the basis of super profit method for three years of purchase will be:

Question : A firm earned Rs. 60,000 as profit, the normal rate of return being 10%. Assets of the firm are Rs. 7,20,000 (excluding goodwill) and Liabilities are Rs. 2,40,000. The value of goodwill by Capitalisation of Average Profit Method is 

Question : Profits of last three years are Rs.4,20,000, Rs.3,90,000 and Rs.4,50,000. The value of goodwill on the basis of two years purchase of three year average profit is:

Question : A, B and C are in the Trading Business of Clothes. They have been sharing profit equally up to the year ended on March 31st, 2020. They Reconstituted the firms, and the profit-sharing ratio was changed to 3:2:1. C, being a working partner, demanded that he should be paid an

Question : A, B and C are in the Trading Business of Clothes. They have been sharing profit equally up to the year ended on March 31st, 2020. They Reconstituted the firms, and the profit-sharing ratio was changed to 3:2:1. C, being a working partner, demanded that he should be paid an