Kasarwadi, Pune Details verified of Manish Jain✕
Identity
Education
Know how UrbanPro verifies Tutor details
Identity is verified based on matching the details uploaded by the Tutor with government databases.
English
Kannada
Hindi
ICAI
Semi qualified CA
Kasarwadi, Pune, India - 411034
Phone Verified
Email Verified
Report this Profile
Is this listing inaccurate or duplicate? Any other problem?
Please tell us about the problem and we will fix it.
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
Board
State
Subjects taught
Business Studies, Accountancy
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
Board
State
Subjects taught
Accountancy, Business Studies
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BCom Subject
Indirect Tax Laws, Company Law, Micro & Macro Economics, Management Accounting, Business Taxation, Corporate Tax Planning, Indian Economy, Personal Tax Planning, Corporate Accounting, Accounting Information Systems, Cost Accounting, Business Organisation and Management, Income Tax Laws, E-Business Accounting, Financial Markets and Institutions, Financial Management, Financial Accounting, Financial Analysis and Reporting
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
Taught in School or College
Yes
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BCA Subject
Financial Accounting and Management, Accountancy
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BBA Subject
Fundamentals of Accounting, Financial Management, Cost Accounting, Taxation, Auditing, Management Accounting, Corporate Accounting, Financial Accounting
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
Taught in School or College
No
Answered on 12/03/2018 Learn CBSE - Class 12/Commerce/Accountancy
Ask a Question
Post a Lesson
Like 0 
Answers 3 
Comments Answered on 12/03/2018 Learn CBSE - Class 12/Commerce/Accountancy
Ask a Question
Post a Lesson
Let me explain this to you with an example.
There are 2 shops in your locality which are selling groceries, one is Big Basket and one is Grofers.
Normal return in grocery business is 10% but Big Basket has a return of 15%. Big Basket is favourite choice in your locality. Considering investment made in both grocery stores is same. If both the grocery stores invite for partnership of 20% for Rs 2 Lakh.
Do you think anybody would want to invest in Grofers as big basket will get them 5% extra return with same investment?
Hence when any business is earning more than normal return, goodwill is required to be contributed, hence is goodwill is factored on profit.
Usually when business is purchased it is assumed that this trend of profit will continue for X number of years. That is why we use phrase like 3 Years of Purchase of Goodwill.
Normal Profit = Rs 1,00,000
Big Basjket Profit = Rs 1,50,000
Super Profit - Rs 50,000.
Goodwill 3 Years Purchase = Rs 50,000*3 = Rs 1,50,000.
Hence Partnership in Big Basket would require Rs 3,50,000 compared to Rs 2,00,000 in Grofers.
Like 0 Answers 17 Comments Ask a Question
Also have a look at
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
Board
State
Subjects taught
Business Studies, Accountancy
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
Board
State
Subjects taught
Accountancy, Business Studies
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BCom Subject
Indirect Tax Laws, Company Law, Micro & Macro Economics, Management Accounting, Business Taxation, Corporate Tax Planning, Indian Economy, Personal Tax Planning, Corporate Accounting, Accounting Information Systems, Cost Accounting, Business Organisation and Management, Income Tax Laws, E-Business Accounting, Financial Markets and Institutions, Financial Management, Financial Accounting, Financial Analysis and Reporting
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
Taught in School or College
Yes
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BCA Subject
Financial Accounting and Management, Accountancy
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BBA Subject
Fundamentals of Accounting, Financial Management, Cost Accounting, Taxation, Auditing, Management Accounting, Corporate Accounting, Financial Accounting
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
Taught in School or College
No
Answered on 12/03/2018 Learn CBSE - Class 12/Commerce/Accountancy
Ask a Question
Post a Lesson
Like 0 Answers 3 Comments Answered on 12/03/2018 Learn CBSE - Class 12/Commerce/Accountancy
Ask a Question
Post a Lesson
Let me explain this to you with an example.
There are 2 shops in your locality which are selling groceries, one is Big Basket and one is Grofers.
Normal return in grocery business is 10% but Big Basket has a return of 15%. Big Basket is favourite choice in your locality. Considering investment made in both grocery stores is same. If both the grocery stores invite for partnership of 20% for Rs 2 Lakh.
Do you think anybody would want to invest in Grofers as big basket will get them 5% extra return with same investment?
Hence when any business is earning more than normal return, goodwill is required to be contributed, hence is goodwill is factored on profit.
Usually when business is purchased it is assumed that this trend of profit will continue for X number of years. That is why we use phrase like 3 Years of Purchase of Goodwill.
Normal Profit = Rs 1,00,000
Big Basjket Profit = Rs 1,50,000
Super Profit - Rs 50,000.
Goodwill 3 Years Purchase = Rs 50,000*3 = Rs 1,50,000.
Hence Partnership in Big Basket would require Rs 3,50,000 compared to Rs 2,00,000 in Grofers.
Like 0 Answers 17 Comments Ask a Question
Want to learn from Manish Jain?
Reply to 's review
Enter your reply*
Your reply has been successfully submitted.
Certified
The Certified badge indicates that the Tutor has received good amount of positive feedback from Students.
Delhi
