Kasarwadi, Pune, India - 411034.
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English
Kannada
Hindi
ICAI
Semi qualified CA
Kasarwadi, Pune, India - 411034
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Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Board
State
Taught in School or College
No
State Syllabus Subjects taught
Accountancy, Business Studies
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Board
State
Taught in School or College
No
State Syllabus Subjects taught
Accountancy, Business Studies
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BCom Subject
Financial Markets and Institutions, Business Taxation, Income Tax Laws, Company Law, Indian Economy, Micro & Macro Economics, Business Organisation and Management, Financial Management, Management Accounting, Financial Analysis and Reporting, Corporate Tax Planning, Financial Accounting, E-Business Accounting, Indirect Tax Laws, Cost Accounting, Personal Tax Planning, Corporate Accounting, Accounting Information Systems
Type of class
Crash Course, Regular Classes
Class strength catered to
Group Classes, One on one/ Private Tutions
Taught in School or College
Yes
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BCA Subject
Financial Accounting and Management, Accountancy
Type of class
Crash Course, Regular Classes
Class strength catered to
Group Classes, One on one/ Private Tutions
Taught in School or College
No
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BBA Subject
Financial Accounting, Taxation, Financial Management, Cost Accounting, Management Accounting, Fundamentals of Accounting, Corporate Accounting, Auditing
Type of class
Crash Course, Regular Classes
Class strength catered to
Group Classes, One on one/ Private Tutions
Taught in School or College
No
1. Which classes do you teach?
I teach BBA Tuition, BCA Tuition, BCom Tuition, Class 11 Tuition, Class 12 Tuition and Taxation Classes.
2. Do you provide a demo class?
Yes, I provide a free demo class.
3. How many years of experience do you have?
I have been teaching for less than a year.
Answered on 12/03/2018 Learn CBSE/Class 12/Commerce/Accountancy
Answered on 12/03/2018 Learn CBSE/Class 12/Commerce/Accountancy
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.
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Board
State
Taught in School or College
No
State Syllabus Subjects taught
Accountancy, Business Studies
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Board
State
Taught in School or College
No
State Syllabus Subjects taught
Accountancy, Business Studies
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BCom Subject
Financial Markets and Institutions, Business Taxation, Income Tax Laws, Company Law, Indian Economy, Micro & Macro Economics, Business Organisation and Management, Financial Management, Management Accounting, Financial Analysis and Reporting, Corporate Tax Planning, Financial Accounting, E-Business Accounting, Indirect Tax Laws, Cost Accounting, Personal Tax Planning, Corporate Accounting, Accounting Information Systems
Type of class
Crash Course, Regular Classes
Class strength catered to
Group Classes, One on one/ Private Tutions
Taught in School or College
Yes
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BCA Subject
Financial Accounting and Management, Accountancy
Type of class
Crash Course, Regular Classes
Class strength catered to
Group Classes, One on one/ Private Tutions
Taught in School or College
No
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BBA Subject
Financial Accounting, Taxation, Financial Management, Cost Accounting, Management Accounting, Fundamentals of Accounting, Corporate Accounting, Auditing
Type of class
Crash Course, Regular Classes
Class strength catered to
Group Classes, One on one/ Private Tutions
Taught in School or College
No
Answered on 12/03/2018 Learn CBSE/Class 12/Commerce/Accountancy
Answered on 12/03/2018 Learn CBSE/Class 12/Commerce/Accountancy
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.
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