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, Accounting Information Systems, Management Accounting, Business Organisation and Management, Income Tax Laws, Corporate Accounting, Company Law, Cost Accounting, Business Taxation, Indirect Tax Laws, Indian Economy, Corporate Tax Planning, Financial Accounting, Financial Management, E-Business Accounting, Personal Tax Planning, Micro & Macro Economics, 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 (video chat via skype, google hangout etc)
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 (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BBA Subject
Fundamentals of Accounting, Auditing, Corporate Accounting, Financial Management, Management Accounting, Cost Accounting, Financial Accounting, Taxation
Type of class
Regular Classes, Crash Course
Class strength catered to
One on one/ Private Tutions, Group Classes
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, Accounting Information Systems, Management Accounting, Business Organisation and Management, Income Tax Laws, Corporate Accounting, Company Law, Cost Accounting, Business Taxation, Indirect Tax Laws, Indian Economy, Corporate Tax Planning, Financial Accounting, Financial Management, E-Business Accounting, Personal Tax Planning, Micro & Macro Economics, 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 (video chat via skype, google hangout etc)
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 (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BBA Subject
Fundamentals of Accounting, Auditing, Corporate Accounting, Financial Management, Management Accounting, Cost Accounting, Financial Accounting, Taxation
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
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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