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Recent questions tagged goodwill
+1
vote
1
answer
The average profit earned by a firm is Rs. 7,50,000 which includes overvaluation of stock of Rs.30,000
asked
Apr 6, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
+1
vote
1
answer
A firm earned net profits during the last five years as follows: I-Rs.7,000; II – Rs.6,500; III-Rs.8,000; IV- Rs.7,500 and V-Rs.6,000.
asked
Apr 3, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
+2
votes
1
answer
Rajan and Rajani are partners in a firm. Their capitals were Rajan Rs. 3,00,000; Rajani
asked
Mar 27, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
+2
votes
1
answer
If total asset of a firm are Rs. 12,000 and its non-current assets are Rs. 9,000.
asked
Mar 25, 2019
in
Class 12
by
kratos
goodwill
class-12
classification of ratio
nature and valuation
+1
vote
1
answer
A business has earned average profits of Rs. 1,00,000 during the last few years. Find out the value of goodwill by capitalisation method,
asked
Mar 23, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
nature and valuation
admission of partner
goodwill
class-12
+3
votes
1
answer
Calculate value of goodwill on the basis of three years purchase of average profit of the preceding five years which were as follows:
asked
Mar 21, 2019
in
Class 12
by
kratos
goodwill
nature and valuation
class-12
+1
vote
1
answer
Average profit of GS & amp Co. is Rs. 50,000 per year. Average capital employed in the business is Rs. 3,00,000.
asked
Mar 21, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
+1
vote
1
answer
When new partner bring his share of goodwill in cash form in the firm then it is taken by old partner in their _______ratio.
asked
Mar 9, 2019
in
Class 12
by
kratos
goodwill
class-12
+2
votes
1
answer
Using "lower of cost and net realisable value(Market Value)" for the purpose of inventory valuation
asked
Mar 5, 2019
in
Class 12
by
kratos
conceptual framework of accounting
cbse
class-11
goodwill
class-12
depreciation accounting
+3
votes
1
answer
State whether the following statements are True or False: 1. ***** Life policy is the insurance policy covering the lives of partners jointly.
asked
Mar 4, 2019
in
Class 12
by
kratos
goodwill
class-12
+3
votes
1
answer
A and B are equal partners. They decide to admit C for 1/3rd share. For the purpose of admission of C,
asked
Mar 3, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
+1
vote
1
answer
Radha and Tanvi are partners in a firm sharing profit in the ratio 5 : 3. They admitted Garvit as a new partner for 1/4th share in the profit.
asked
Feb 27, 2019
in
Class 12
by
kratos
nature and valuation
goodwill
class-12
admission of partner
+1
vote
1
answer
Preferred shareholders claims on assets and income of a firm come ................... those of creditors those of common shareholders.
asked
Feb 26, 2019
in
Class 12
by
kratos
cbse
class-11
introduction of financial statement of company
class-10
icse
nature and valuation
goodwill
class-12
+2
votes
1
answer
When new partner is not able to bring goodwill in cash, then new partner’* capital account is________with his/her share of goodwill.
asked
Feb 21, 2019
in
Class 12
by
kratos
goodwill
class-12
+3
votes
1
answer
Divide Rs. 720 between Sunil, Sbhil and Akhil. So that Sunil gets 4/5 of Sohil’* and Akhil’* share
asked
Feb 10, 2019
in
Class 12
by
kratos
isc
ratio and proportion
retirement
class-6
class-12
icse
goodwill
+3
votes
1
answer
If total assets of a firm are Rs. 10,00,000 and its non-current assets are Rs. 6,00,000
asked
Feb 5, 2019
in
Class 12
by
kratos
goodwill
class-12
goodwill in partnership accounts
nature and valuation
+3
votes
1
answer
The total capital of the firm of Sakshi, Mehak and Megha is RS 1,00,000 and the market rate of interest is 15% .
asked
Jan 31, 2019
in
Class 12
by
kratos
valuation of goodwill
nature and valuation
goodwill
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
A and B are partners sharing profits and losses in the ratio of 5:3. On 1st April, 2016,
asked
Jan 30, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
+2
votes
1
answer
Goodwill of the firm is valued at two years purchase of the average profit of last four years.
asked
Jan 29, 2019
in
Class 12
by
kratos
goodwill in partnership accounts
admission of a new partner
nature and valuation
goodwill
class-12
+2
votes
1
answer
Profits of a firm for the year ended 31st March for the last five years were:
asked
Jan 24, 2019
in
Class 12
by
kratos
goodwill
class-12
nature and valuation
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