Kasarwadi, Pune Details verified of Manish Jain✕
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Kannada
Hindi
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Kasarwadi, Pune, India - 411034
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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
Business Studies, Accountancy
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BCom Subject
Cost Accounting, Financial Management, Indian Economy, Indirect Tax Laws, Financial Markets and Institutions, E-Business Accounting, Business Taxation, Business Organisation and Management, Personal Tax Planning, Company Law, Micro & Macro Economics, Management Accounting, Financial Accounting, Corporate Tax Planning, Financial Analysis and Reporting, Corporate Accounting, Income Tax Laws, Accounting Information Systems
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
Accountancy, Financial Accounting and Management
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, Cost Accounting, Auditing, Taxation, Financial Accounting, Management Accounting, Corporate Accounting, Financial Management
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/Accountancy
Ask a Question
Post a Lesson
Like 0 
Answers 3 
Comments Answered on 12/03/2018 Learn CBSE - Class 12/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
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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
Business Studies, Accountancy
Taught in School or College
No
Class Location
Online Classes (Video Call via UrbanPro LIVE)
Student's Home
Tutor's Home
BCom Subject
Cost Accounting, Financial Management, Indian Economy, Indirect Tax Laws, Financial Markets and Institutions, E-Business Accounting, Business Taxation, Business Organisation and Management, Personal Tax Planning, Company Law, Micro & Macro Economics, Management Accounting, Financial Accounting, Corporate Tax Planning, Financial Analysis and Reporting, Corporate Accounting, Income Tax Laws, Accounting Information Systems
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
Accountancy, Financial Accounting and Management
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, Cost Accounting, Auditing, Taxation, Financial Accounting, Management Accounting, Corporate Accounting, Financial Management
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/Accountancy
Ask a Question
Post a Lesson
Like 0 Answers 3 Comments Answered on 12/03/2018 Learn CBSE - Class 12/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
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