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Average Profit Method

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyIf the partnership deed is silent, which method is generally used to estimate the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA firm’s average annual profit is ₹9,60,000. A partner having a 1/4 profit-sharing ratio dies after 3 months of the year. Under the average profit method, what will be the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAverage profit is ₹84,000 and goodwill is valued at two years' purchase. The retiring partner's share is 5/14. What is his goodwill claim?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyThe average profit is ₹42,000, and goodwill is valued at 3.5 years’ purchase. What is the value of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyThe deceased partner's share is one sixth. Average profit is ₹72,000 and goodwill is valued at two and a half years' purchase. What will be the deceased partner's claim?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyThe average profit is ₹36,000, and goodwill is valued at 2.5 years’ purchase. What will be the value of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyIf the average profit is ₹25,000 and the number of years’ purchase is 4, what will be the goodwill of the firm under the average profit method?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIn which method is average profit multiplied by years' purchase?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyHow is goodwill usually calculated under the average profit method?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyThe profits for four years are ₹60,000, ₹75,000, ₹85,000 and ₹1,00,000, respectively. What will be the firm’s goodwill at three years’ purchase under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyThe profits for four years are ₹50,000, ₹65,000, ₹75,000 and ₹90,000, respectively. What is the value of goodwill at 2 years’ purchase under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyWhat happens to goodwill if the number of years' purchase increases while average profit remains the same?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA firm values goodwill by average profit method. Average profit is ₹50000 and years' purchase is 3. What will be the goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyThe profits for four consecutive years are ₹40,000, ₹50,000, ₹60,000 and ₹70,000, respectively. What will be the value of goodwill at three years’ purchase under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyHow is abnormal gain treated under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyThe firm's average profit is ₹60000 and goodwill is valued at two years' purchase. What is the value of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf the average profit is ₹16,000 and the years’ purchase is 4, what will be the total goodwill under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf the average profit is ₹22,000 and the number of years’ purchase is 3, what will be the value of goodwill under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyHow is goodwill calculated under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyAverage profit is ₹24,000 and years’ purchase is 2. The new partner takes a 1/4 share. What is his share of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy