Today notes: 🔴 Goodwill: 🔅Average profit Method: Goodwill=A.P×no. of year purchased •A.P= sum of profits(after adjustment)/no. Of years. Adjustment: Abnormal loss: add Abnormal profit:less rev.exp.charges to capital exp.:less the experience add back the dep. capital exp.charges to rev. exp.:less the dep.and add the experience. closing stock overvalued:less closing stock undervalued: add Opening stock overvalued:add Opening stock undervalued:less 🔅Weight Average profit Method: Goodwill:W.A.P×no.of year purchased •W.A.P=sum of profits ×weights. 🔅Super profit Method: Goodwill:super profit ×no.of year purchased . •Super profit:Average profit-Normal profit. •Normal profit:capital employed ×normal rate of return/100. •Capital employed:asset-liabilties or total of capital +reverse& surplus🔅Capitalisation Method: ☆Average profit: Goodwill:Capitalised value -Capital employed. •Capitalised value=Average profit×100/NRR. ☆Super profit: Goodwill:super profit ×100/NRR.
Q.2 Calculate goodwill value at two year's purchase of the average profit ---- 50000+120000+180000-30000/4= 320000/4 = 80000 A.P. G/w= 80000*2=160000ans.
Total of Assets side of the Balance Sheet-₹ 25,00,000. Debit Balances in Current Accounts of Naresh and Vikesh-75,000 and ₹ 25,000 respectively; Bank Loan-₹ 8,00,000, Goodwill ₹ 1,00,000; Trade Investments- 25,000, Profit and Loss Account (Debit) - 15,000. Based on the above information Capital Employed for the purposes of valuation of Goodwill will be ..... SIR PLZ TELL ANSWER OF THIS QUESTION BCZ IT IS DIFFERENT IN BOOK AND ON INTERNET
Q2 Depreciation on motor bike = 50000*20/100 = 10000 Profit/loss for the year 2017 = 70000+10000-50000 = 30000 Calculation of Average Profit = 50000+120000+180000-30000/4 = 320000/4 = 80000 Goodwill = Average profit * No. of year’s purchase = 80000*2 =160000
Sir after economics exam I totally lost my hope due to economics stress. I forgot everything in accounts which I had prepared alot but you are the person who gives me hope that I can do my best ❤️ I think you as my big brother, teacher, friend but I am wrong sir you are the God 😌who says that we can't see God where he is then I surely say to look at you 🙏 you are the Goat (greatest of all time ) for students like me 😌🙏❤️
In yesterday video I cleared my biggest doubt from this chapter.... Thank you so much SIR you are the best teacher I have ever seen and much respect for your hardwork to make our concept clear 😊
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BECAUSE THIS IS UA-cam BRO AND WE DON'T NEED TO PAY TO LEARN!!!!!!!!!
BUT AFTER ALL SIR IS BEST TEACHER IN THE WORLD
sir ko ad monetization se miljate h paise
Not exactly struggle, it's just doing hardwork
Q2 Solution
Calculating average profit method
50000+120000+180000-30000/4
320000/4= 80000
Calculating goodwill = 80000*2 = 160000
How did you got 30000 ??
(70000)
+ 50k of motor and
+10k of dep
So this would be 10,000?
correct
@@teleshverma555 bhai ye 10000 ka dep lagega to ise minus karenge
@@teleshverma555 Bro dep minus hoga na
@@teleshverma555 dep minus hoga
Today notes:
🔴 Goodwill:
🔅Average profit Method:
Goodwill=A.P×no. of year purchased
•A.P= sum of profits(after adjustment)/no. Of years.
Adjustment:
Abnormal loss: add
Abnormal profit:less
rev.exp.charges to capital exp.:less the experience add back the dep.
capital exp.charges to rev. exp.:less the dep.and add the experience.
closing stock overvalued:less
closing stock undervalued: add
Opening stock overvalued:add
Opening stock undervalued:less
🔅Weight Average profit Method:
Goodwill:W.A.P×no.of year purchased
•W.A.P=sum of profits ×weights.
🔅Super profit Method:
Goodwill:super profit ×no.of year purchased .
•Super profit:Average profit-Normal profit.
•Normal profit:capital employed ×normal rate of return/100.
•Capital employed:asset-liabilties or total of capital +reverse& surplus🔅Capitalisation Method:
☆Average profit:
Goodwill:Capitalised value -Capital employed.
•Capitalised value=Average profit×100/NRR.
☆Super profit:
Goodwill:super profit ×100/NRR.
Thanks
Q.2
Calculate goodwill value at two year's purchase of the average profit ----
50000+120000+180000-30000/4=
320000/4 = 80000 A.P.
G/w= 80000*2=160000ans.
❤ correct answer
thankyou ❤
Total of Assets side of the Balance Sheet-₹ 25,00,000. Debit Balances in Current Accounts of Naresh and Vikesh-75,000 and ₹ 25,000 respectively; Bank Loan-₹ 8,00,000, Goodwill ₹ 1,00,000; Trade Investments- 25,000, Profit and Loss Account (Debit) - 15,000. Based on the above information Capital Employed for the purposes of valuation of Goodwill will be ..... SIR PLZ TELL ANSWER OF THIS QUESTION BCZ IT IS DIFFERENT IN BOOK AND ON INTERNET
Maine Bhi puch tha
Present sir.
Thank you so much sir for this amazing series.
Day 5 done 16 more day to go..
Q2
Depreciation on motor bike = 50000*20/100 = 10000
Profit/loss for the year 2017 = 70000+10000-50000 = 30000
Calculation of Average Profit
= 50000+120000+180000-30000/4
= 320000/4
= 80000
Goodwill = Average profit * No. of year’s purchase
= 80000*2
=160000
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He is having cold then also he is teaching us 🥹🫶🏻 Thankyou sir best teacher ever!!!!!❤️❤️
Sir after economics exam I totally lost my hope due to economics stress. I forgot everything in accounts which I had prepared alot but you are the person who gives me hope that I can do my best ❤️ I think you as my big brother, teacher, friend but I am wrong sir you are the God 😌who says that we can't see God where he is then I surely say to look at you 🙏 you are the Goat (greatest of all time ) for students like me 😌🙏❤️
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Best commerce teacher in India and the best revision session ❤🎉 day 5 done just 16 more left 🎉
Sir please add timeline to your videos so that we can direct skip to that part we want to see
Kon kon exam ke 2 din pehle ye video dekh kar h
Me
Me
Me
Me
Me 😢
Ok sir… day 5 doneee….
ab😂😂😂
Guarantee topics for fundamentals of partnership
Yes...
Towards the 2nd lecture of the day
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In yesterday video I cleared my biggest doubt from this chapter....
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This is very important video my coaching teacher doesn't taught me these adjustments information
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sir i have doubts in guarantee of profits w past adjustments n also with when there is loss incurred in the firm can u pls make video on it also☹️
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Sir ek request hai sir plz make a video for bad debts and provision for doubtful debts plz sir🙏🙏🙏
Hi
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Hyee rabba exam😢
Will complete in few days thank you so much
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Day 5 done just 16 more left with same enthusiasm 🔥🔥
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Day 5 done 👍
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35:14 baat to sahi he sir...❤😊
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Sir I have doubt that we have left one main topic of fundamentals that is guarantee of profits
I don't think boards will ask that part of the topic and its easy it will take only 5 mins
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Apka sath 20 day par chal rhi hu lakin video dobara bhi revision bhii krr rhii hu😌😌
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Aaa gay 😊 Day 4 Ki video dhak ka hmm 4 DAYS Strategy 😅
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Thank you so much sir for this Amazing Rivision ❤😊 nd Thank you very much for giving us so much love and so much motivation.👍♥️😘
Sir capitalisation of average profit or capitalisation of super profit se same hi answer aata hai kya ? 🤔
HOMEWORK QUESTION :
A.P = 80,000
GOODWILL = 2 X 80,000
=1,60,000
Batch 2024-25 present here...!!!❤
Kal exam hai 🫣
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Thank you so much sir
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sir day 5 done, practice is going on. Thank you
6 ghante me exam hai sir
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Sir due to pre boards i was late to this series but I promise I'll complete it till Sunday..... From Monday I'll be regular..... Thankyou sir for your efforts.... ❤️☺️
Same here
.
agar gng dekhlu puri toh kal pass ho jaunga
Jis ne bi ab is video pr comment kiya vo fail hoga Lkin agar mere comment pr reply kia us k 100 aaye ge
😢
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Started today and finally in 5 day only in 1 day 😂😂
Maine bhi kal hi shuru Kiya tha 😅😂
Nice explanation
Sir capital employed nikalne mein bahut dikkat hota hai sir please bta dijiye😢 jab including cash diya rhta hai
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Sir day 5 done 👍❤ sorry for late and thankyou so much sir ❤️🙏😊
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🙋🏻♀️
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Day 5 done
Sir mene aaj se start ki thi aapki revision videos but mene aaj aaj me he chapter 2 complete kr liya h😊
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Same Bhai🥲 partnership baaki h puri
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Yrr goodwill toh asan hoti thi ab yeh bhi nhi ho rhi
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love u sirrrrrr
best teacher for commerce students ☺☺
Very well explained after this lecture i understand 🤞 about this
Sir thank you so much for your guidance ❤❤❤