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Class 12 · Accountancy

Super profit is (₹50000) and annuity factor for (5) years is (3.79). What is goodwill by annuity method?

Class 12 · Accountancy

The super profit is ₹84,000 and the normal rate of return is 21%. What is the value of the firm’s goodwill using the capitalisation of super profit method?

Class 12 · Accountancy

Capital employed is (₹2400000), average profit is (₹348000), and normal rate is (12%). What is goodwill at (4) years purchase of super profit?

Class 12 · Accountancy

The average profit is ₹2,52,000, the normal rate of return is 14%, and the actual capital employed is ₹15,00,000. What is the value of goodwill by the capitalization of average profit method?

Class 12 · Accountancy

Profits are (₹150000), (₹210000), (₹270000), (₹330000) and weights are (1:2:3:5). What is weighted average profit?

Class 12 · Accountancy

Profits are (₹240000), (₹280000), (₹320000). Second year had abnormal loss (₹30000) and third year had abnormal profit (₹20000). Future annual expense will increase by (₹24000). What is future maintainable profit?

Class 12 · Accountancy

If goodwill is to be adjusted through current accounts and A is the gaining partner what will happen to A's current account?

Class 12 · Accountancy

If an exam question clearly gives a method for goodwill what should the student do?

Class 12 · Accountancy

Which statement shows the correct understanding of goodwill?

Class 12 · Accountancy

If the firm's brand name is registered and famous in the market how can it affect goodwill?

Class 12 · Accountancy

In which situation would it be more prudent to value goodwill lower?

Class 12 · Accountancy

If average profit is rupees two lakh twenty thousand and future insurance expense will decrease by rupees twenty thousand what is adjusted profit?

Class 12 · Accountancy

If average profit is rupees seven lakh and it includes rent income of rupees fifty thousand that will stop in future what is adjusted profit?

Class 12 · Accountancy

If a non trading asset is included in capital while calculating normal profit what may happen to super profit?

Class 12 · Accountancy

If income from non trading investment is included in goodwill valuation what error occurs?

Class 12 · Accountancy

If the question says goodwill is not to be retained in books which entry should be avoided?

Class 12 · Accountancy

If a sacrificing partner is given less credit which principle is violated in goodwill adjustment?

Class 12 · Accountancy

When a new partner brings goodwill in cash on admission, among which partners is this amount generally distributed?

Class 12 · Accountancy

If A's share changes from one third to one fourth on change in profit ratio what is the conclusion for A?

Class 12 · Accountancy

If total goodwill is rupees five lakh and the deceased partner's old share was one fourth how much will his representative receive for goodwill?