Q.16. Rajan and Rajani are partners in a firm. Their capitals were Rajan Rs. 3,00,000; Rajani Rs. 2,00,000. During the year 2015 the firm earned a profit of Rs. 1,50,000. Calculate the value of goodwill of the firm assuming that the normal rate of return is 20%?
SOLUTION
Given,
Capital employed = Rajan’s capital + Rajani’s capital
= Rs 3,00,000 + Rs 2,00,000
= Rs 5,00,000
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