Question 2 A) From the following information, calculate goodwill of the firm of Atul and Sujay: i) At three year's purchase of Super profit. ii) On the basis of capitalisation of Super profit. a) Actual average profits of the firm for the last three years is 3.25,000. b) Normal rate of return is 10%. c) Balance Sheet of Atul and Sujay as at 31st March, 2020 LIABILITIES ASSETS . Creditors 40,000 Land & Building 80,000 Bills Payable 10,000 Investments (Non-Trade) 50,000 General Reserve 20,000 Plant & Machinery 40,000 Capital a/cs: Atul 80,000 Debtors 15,000 Sujay 90,000 Cash 55,000 2,40,000 2,40,000 B) The Capital accounts of Sameer and Sumesh stood at 3.50,000 and 3.40,000 respectively after the necessary adjustments in respect of drawings and net profit for the year ended 31st March, 2020. It was subsequently ascertained that interest on capital @10%per annum was not taken onto account while arriving at the divisible profits for the year. During the year 2019-2020, Sameer had withdrawn 3.5,000 and Sumesh had withdrawn .10,000. The net profit for the year amounted to.27,000. The partners shared profits and losses in the ratio of 2:1. You are required to pass necessary journal entries to rectify the error in accounting