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Class 12 · Accountancy

An additional managerial salary of ₹18,000 will be payable every year in the future. What will be its effect on the adjusted profit used for goodwill valuation?

Class 12 · Accountancy

The profits for three years are ₹85,000, ₹95,000 and ₹70,000, respectively. The second year included an abnormal loss of ₹10,000, which had already been deducted from that year's profit. What will be the adjusted profit for the second year while calculating average profit?

Class 12 · Accountancy

Profits are (₹60000), (₹75000), (₹90000). Third year had abnormal profit of (₹15000). What is correct average profit?

Class 12 · Accountancy

A given profit includes abnormal profit of (₹20000) in one year. How will it be treated while calculating average profit?

Class 12 · Accountancy

A firm has a capitalised value of ₹12,50,000 and actual capital employed of ₹9,50,000. According to the capitalisation method, what is the goodwill of the firm?

Class 12 · Accountancy

The average profit is ₹1,60,000 and the normal rate of return is 16%. What is the capitalised value of the business?

Class 12 · Accountancy

A firm has a super profit of ₹42,000 and a normal rate of return of 14%. What is the value of goodwill under the capitalisation of super profit method?

Class 12 · Accountancy

Super profit is (₹36000) and goodwill is valued at (3) years purchase. What is goodwill?

Class 12 · Accountancy

A firm has an average profit of ₹1,35,000, capital employed of ₹9,00,000, and a normal rate of return of 10%. What will be the firm’s super profit?

Class 12 · Accountancy

The capital employed is ₹9,00,000 and the normal rate of return is 11%. What will be the normal profit?

Class 12 · Accountancy

A firm’s normal profit is ₹54,000 and its average profit is ₹78,000. What is its super profit?

Class 12 · Accountancy

Profits are (₹50000), (₹70000), (₹90000) and weights are (1:2:3). What is weighted average profit?

Class 12 · Accountancy

The average profit is ₹82,000, and goodwill is valued at 2.5 years’ purchase. What is the value of goodwill?

Class 12 · Accountancy

For calculating goodwill in a partnership, the profits for three years are ₹72,000, ₹84,000 and ₹96,000, respectively. What will be the average profit?

Class 12 · Accountancy

In which situation is goodwill called purchased goodwill?

Class 12 · Accountancy

The value of goodwill is most closely connected with which factor?

Class 12 · Accountancy

Before admission of a new partner in which ratio is existing goodwill appearing in books written off?

Class 12 · Accountancy

Which statement is correct for goodwill?

Class 12 · Accountancy

What should be identified first while calculating goodwill?

Class 12 · Accountancy

In which situation is the need for goodwill most clearly seen?