Kasarwadi, Pune, India - 411034.
Details verified of Manish Jain✕
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Kannada
Hindi
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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
Subjects taught
Accountancy, Business Studies
Taught in School or College
No
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Board
State
Subjects taught
Accountancy, Business Studies
Taught in School or College
No
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BCom Subject
Management Accounting, E-Business Accounting, Personal Tax Planning, Business Organisation and Management, Indian Economy, Financial Markets and Institutions, Financial Management, Business Taxation, Income Tax Laws, Cost Accounting, Micro & Macro Economics, Corporate Accounting, Financial Analysis and Reporting, Accounting Information Systems, Company Law, Financial Accounting, Indirect Tax Laws, Corporate Tax Planning
Type of class
Crash Course, Regular Classes
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
Crash Course, Regular Classes
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
Cost Accounting, Taxation, Financial Management, Fundamentals of Accounting, Auditing, Management Accounting, Financial Accounting, Corporate Accounting
Type of class
Crash Course, Regular Classes
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
Subjects taught
Accountancy, Business Studies
Taught in School or College
No
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
Board
State
Subjects taught
Accountancy, Business Studies
Taught in School or College
No
Class Location
Online (video chat via skype, google hangout etc)
Student's Home
Tutor's Home
BCom Subject
Management Accounting, E-Business Accounting, Personal Tax Planning, Business Organisation and Management, Indian Economy, Financial Markets and Institutions, Financial Management, Business Taxation, Income Tax Laws, Cost Accounting, Micro & Macro Economics, Corporate Accounting, Financial Analysis and Reporting, Accounting Information Systems, Company Law, Financial Accounting, Indirect Tax Laws, Corporate Tax Planning
Type of class
Crash Course, Regular Classes
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
Crash Course, Regular Classes
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
Cost Accounting, Taxation, Financial Management, Fundamentals of Accounting, Auditing, Management Accounting, Financial Accounting, Corporate Accounting
Type of class
Crash Course, Regular Classes
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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