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Recent questions tagged goodwill in partnership accounts
+3
votes
0
answers
A partnership firm earned net profits during the last five years as follows: 1st year Rs 45,000 2nd year Rs 50,000
asked
Mar 26, 2019
in
Class 12
by
kratos
goodwill in partnership accounts
class-12
admission of a new partner
+2
votes
1
answer
Ashok and Darshan commenced their business with capital investments of Rs. 80,000 and Rs. 60,000 respectively.
asked
Feb 11, 2019
in
Class 12
by
kratos
class-11
goodwill in partnership accounts
single entry system
class-12
accounting for not for profit organisation
+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
+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
+1
vote
1
answer
The monetary value of reputation of the business is called:
asked
Jan 13, 2019
in
Class 12
by
kratos
goodwill in partnership accounts
class-10
icse
class-7
class-12
rajasthan and delhi sultanate
+3
votes
1
answer
Average Profits of a Firm during the last few years are Rs 80,000 and the Normal Rate of Returns in a similar business is 10 %.
asked
Jan 7, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
goodwill
reconstitution of a partnership firm
goodwill in partnership accounts
nature and valuation
+3
votes
1
answer
Goodwill means (a) Famous name (b) Famous product (c) Good reputation of business (d) None of these
asked
Dec 18, 2018
in
Class 12
by
kratos
enterprise marketing
goodwill in partnership accounts
class-10
icse
class-12
+3
votes
1
answer
Which of the following is not a fixed asset? a) Building b) Bank Balance c) Plant Patents d) Goodwill
asked
Dec 9, 2018
in
Class 12
by
kratos
final accounts of sole proprietors
cbse
reconstitution of partnership firm
class-11
goodwill in partnership accounts
class-12
+1
vote
1
answer
Amortization of intangible Asset Such as Goodwill which has indefinite life is an example of accounting concept
asked
Nov 5, 2018
in
Class 12
by
kratos
final accounts of sole proprietors
class-11
goodwill in partnership accounts
class-12
depreciation accounting
+1
vote
1
answer
A business has the following items in it: Owners’ equity Rs.6,00, 000 Liabilities Rs.14,00,000 What is the value of Assets
asked
Sep 30, 2018
in
Class 12
by
kratos
goodwill in partnership accounts
class-12
cbse
+1
vote
1
answer
Give the formula for valuation of goodwill by the Capitalisation of Average Profit Method.
asked
Sep 27, 2018
in
Class 12
by
kratos
goodwill
class-12
goodwill in partnership accounts
nature and valuation
+1
vote
1
answer
Dilution Factor calculation method
asked
Sep 10, 2018
in
Chemistry
by
kratos
organic chemistry
isc
chemical bonding
class-11
molecular structure
goodwill in partnership accounts
icse
class-12
+3
votes
1
answer
Profit of the last three years were Rs. 6,000; Rs. 13,000 and 8,000 respectively.
asked
Sep 2, 2018
in
Class 12
by
kratos
goodwill in partnership accounts
class-12
goodwill
nature and valuation
+3
votes
1
answer
Under super profit basis goodwill is calculated by.
asked
Aug 12, 2018
in
Class 12
by
kratos
reconstitution of partnership firm
goodwill in partnership accounts
class-12
reconstitution of partnership
admission of a partner
+1
vote
1
answer
What are the earnings per share (EPS) for a company that earned Rs. 100,000 last year in after-tax profits,
asked
Jul 23, 2018
in
Class 12
by
kratos
reconstitution of partnership firm
goodwill in partnership accounts
admission of a new partner
admission of partner
class-12
reconstitution of a partnership firm
+1
vote
1
answer
Goodwill of the firm is valued at two years purchase of average profits of last 4 years.
asked
Jul 20, 2018
in
Class 12
by
kratos
goodwill in partnership accounts
admission of a new partner
nature and valuation
goodwill
class-12
+3
votes
1
answer
Directions: In each of the following questions a capitalised word is followed by four words numbered 1 to 4.
asked
Jul 18, 2018
in
Class 12
by
kratos
class-11
goodwill in partnership accounts
class-12
bitsat
depreciation accounting
+3
votes
1
answer
Market values are often used in computing the weighted average cost of capital because
asked
Jul 3, 2018
in
Chemistry
by
kratos
basic concepts of chemistry
cbse
class-11
probability
statistics
goodwill in partnership accounts
chemical calculations
applied statistics
class-12
+1
vote
1
answer
Profit of last three years were Rs. 7000, Rs. 12,000 and Rs. 8,000.
asked
Jun 23, 2018
in
Class 12
by
kratos
goodwill in partnership accounts
class-12
goodwill
nature and valuation
+2
votes
1
answer
Which type of assets is goodwill of a firm –
asked
Jun 9, 2018
in
Computer
by
kratos
reconstitution of partnership firm
class-11
goodwill in partnership accounts
class-12
computerised accounting
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