CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set B

Read and download free pdf of CBSE Class 12 Accountancy Valuation Of Goodwill Worksheet Set B. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests

Valuation Of Goodwill Class 12 Accountancy Worksheet Pdf

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Valuation Of Goodwill in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Valuation Of Goodwill

1 A business has earned average profits of 100000 during the last few years and the normal rate of return in similar business is 10%. Find out the value of goodwill by:
(i) Capitalization of super profit method and
(ii) Super profit method if the goodwill is valued at 3 years purchase of super profit. The assets of the business were 10,00,000 and its external liabilities 1,80,000.
 
2 A partnership firm earned net profits during the last three years as follows:
2007-2008 - 190000
2008-2009 - 220000
2009-2010 - 250000
The capital employed in the firm throughout the above mentioned period has been 4,00,000. Having regard to the risk involved, 15% is considered to be a fair return on the capital. The remuneration of all the partners during this period is estimated to be1,00,000 p.a. Calculate the value of goodwill on the basis of
(i) two years’ purchases of super profits earned on average basis during the above mentioned three years 
(ii) by capitalization method.
 
3 What are the factors affecting goodwill?
 
4 Explain the various methods of valuing goodwill.
 
5 The profits for the last five years of a business are 4,000, 6,000, 8,000, 12,000 and 15000. Goodwill is 3 years purchase of the last five years average profits. Calculate goodwill based on average profit method.

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