The profits of firm for the five years are as follows:

Year	Profit (Rs.)
2021	2,00,000
2022	2,40,000
2023	3,00,000
2024	2,50,000
2025	1,80,000

Calculate the value of goodwill on the basis of four years' purchase of average profits.

Match List-I with List-II

Choose the correct answer from the options given below:

If a new partner does not bring his share of goodwill in cash, the following treatment shall be made

In case of admission of a partner, if a new partner is unable to bring the goodwill amount, then his/her goodwill premium will be taken from _________.

"At the time of admission of a partner, provision for doubtful debts is found to be in excess."

Record this in the books of the firm.

Arrange the steps involved under the super profit method of calculating goodwill-

(A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return

(B) Calculate the average profit

(C) Calculate goodwill by multiplying the super profits by the given number of years' purchase

(D) Calculate the super profits by deducting normal profit from the average profits

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)
2. (B), (C), (A), (D)
3. (B), (A), (D), (C)
4. (C), (B), (D), (A)

Anju and Bhawna are partners in a firm sharing profits in the ratio of 9/12 and 5/20. Chetna was admitted for 7/35 share and she could not bring her share of goodwill in cash. Goodwill of firm is valued at Rs. 50,000. Journalise :-