CBSE Class 12 Accountancy — Accounting for Partnership Firms: Fundamentals (Goodwill — Nature and Valuation)

All previous year questions from Chapter: Accounting for Partnership Firms: Fundamentals (Goodwill — Nature and Valuation)

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2026(1 question)

17
$Average profit of a firm during the last few years is Rs. 8,00,000. In similar business, the normal rate of return is 10% of the capital employed. Assets of the business were Rs. 60,00,000 and its external liabilities were Rs. 20,00,000. Calculate the value of goodwill by : (i) Capitalisation of super profits method (ii) Super profit method if the goodwill is valued at four years' purchase of super profits.$
3 marks· A· $Valuation of Goodwill — Capitalisation and Super Profit Methods$

CBSE Class 12 Accountancy — Accounting for Partnership Firms: Fundamentals (Goodwill — Nature and Valuation) Questions | Padhantu