Rajan and Rajani are partners in a firm Their capitals were Rajan 3 00 000 Rajani 2 00 000 During th...........

Accountancy ( 12th) Goodwill Nature and Valuation

Rajan and Rajani are partners in a firm. Their capitals were Rajan 3,00,000; Rajani 2,00,000. During the year 2018−19, the firm earned a profit of 1,50,000. Calculate the value of goodwill of the firm by capitalisation of super profit assuming that the normal rate of return is 20%.

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