# CBSE-Q7 page 1 CBSE Board Exam – Accountancy Paper 2019 answer

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• उत्तर
• Goodwill =  super profit * years of purchase.
• Super profit = average profit – normal profit.

Given:

• capital of anuj and benu/capital employed=10,00,000
• market rate/normal rate=15%
• annual salary=60,000 each
• net profit of last three years=3,00,000,3,60,000 and 4,20,000
• no. of years purchase=2

1.average profit

annual salary=60,000 each

anuj and benu=60,000+60,000

=1,20,000

annual salary will be minus because annual salary is the normal expenses

net profit=3,00,000-1,20,000

=1,80,000

=3,60,000-1,20,000

=2,40,000

=4,20,000-1,20,000

=3,00,000

average profit=1,80,000+2,40,000+3,00,000/3

=7,20,000/3

=2,40,000

2.normal profit=capital employed×normal rate/100

=10,00,000×15/100

=1,50,000

3.super profit=average profit-normal profit

=2,40,000-1,50,000

=90,000

4.goodwill=super profit×no. of years purchase

=90,000×2

=1,80,000

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