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Class 12 · Accountancy · Hard

Why is non trading asset removed from capital employed while calculating normal profit?

Class 12 · Accountancy · Hard

If income from non trading investment is included in profit what is the correct treatment for goodwill valuation?

Class 12 · Accountancy · Hard

If profits are continuously declining which year should normally receive higher weight in weighted average?

Class 12 · Accountancy · Hard

Profits of the last three years are ₹240000, ₹300000 and ₹420000, with weights 1, 2 and 3. What is weighted average profit?

Class 12 · Accountancy · Hard

If a partner's salary will stop in future and it was already deducted from profit what will be done in adjusted profit?

Class 12 · Accountancy · Hard

If rent expense will increase by ₹30,000 per year in future, what will be the effect on average profit for goodwill?

Class 12 · Accountancy · Hard

While calculating average profit for the valuation of goodwill, how should the abnormal flood loss of ₹40,000 incurred last year be adjusted?

Class 12 · Accountancy · Hard

The average profit includes insurance claim income of ₹75,000 that will not recur in the future. What adjustment should be made while determining the adjusted average profit for valuing goodwill?

Class 12 · Accountancy · Hard

If super profit is rupees ninety thousand and capitalization rate is twelve percent what is goodwill?

Class 12 · Accountancy · Hard

If capitalized value is rupees thirty five lakh and actual capital employed is rupees twenty six lakh fifty thousand what is goodwill?

Class 12 · Accountancy · Hard

If average profit is rupees seven lakh twenty thousand and normal rate of return is eighteen percent what is the capitalized value?

Class 12 · Accountancy · Hard

If average profit is rupees five lakh forty thousand and normal profit is rupees three lakh sixty thousand and super profit is valued at three years purchase what is goodwill?

Class 12 · Accountancy · Expert

Profits are (₹360000), (₹420000), (₹540000). Future expense will increase by (₹30000). Normal profit is (₹350000). What will be super profit?

Class 12 · Accountancy · Expert

A and B share profits in (5:4). C is admitted and new ratio is (4:3:2). Goodwill is (₹360000). How much will B be credited?

Class 12 · Accountancy · Expert

Which statement is most accurate while making internal adjustment of goodwill?

Class 12 · Accountancy · Expert

The average profit is ₹3,90,000, the normal rate of return is 13%, and the actual capital is ₹27,00,000. What is the value of goodwill under the capitalization of average profit method?

Class 12 · Accountancy · Expert

The current profit of ₹4,50,000 includes an abnormal profit of ₹70,000. In the future, an expense saving of ₹30,000 will arise, while a new cost will increase expenses by ₹10,000. What will be the adjusted future profit?

Class 12 · Accountancy · Expert

On admission of a new partner one old partner is also gaining. In internal adjustment of goodwill on which side will that gaining old partner appear?

Class 12 · Accountancy · Expert

Goodwill is (₹420000). A and B's old ratio is (5:2) and new ratio is (4:3). Who will be credited and by how much?

Class 12 · Accountancy · Expert

Retiring partner's goodwill share is (₹200000). Continuing partners' gaining ratio is (1:3). How much will the first continuing partner be debited?