Question 48 Chapter 3 of +2-A From the following information, calculate value of goodwill of the firm: At three years’ purchase of Average Profit. At three years’ purchase of Super Profit. On the basis of Capitalisation of Super Profit. On Read More …
Question 47 Chapter 3 of +2-A 47. Ajeet and Baljeet are partners in a firm. Their capitals are 9,00,000 and 6,00,000 respectively. During the year ended 31st March, 2019 the firm earned a profit of 4,50,000. Assumingthat the normal rate Read More …
Question 46 Chapter 3 of +2-A 46. A business has earned average profit of 4,00,000 during the last few years and the normal rate of return in similar business is 10%. Find value of goodwill by: Capitalisation of Super Profit Read More …
Question 45 Chapter 3 of +2-A 45. Average profit of GS & Co. is 50,000 per year. Average capital employed in the business is 3,00,000. If the normal rate of return on capital employed is 10%, calculate goodwill of the Read More …
Question 44 Chapter 3 of +2-A 44. Rajan and Rajani are partners in a firm. Their capitals were Rajan 3,00,000; Rajani 2,00,000. During the year 2018−19, the firm earned a profit of 1,50,000. Calculate the value of goodwill of the Read More …
Question 43 Chapter 3 of +2-A 43. Average profit of the firm is 2,00,000. Total assets of the firm are 15,00,000 whereas Partners’ Capital is 12,00,000. If normal rate of return in a similar business is 10% of the capital Read More …
Question 42 Chapter 3 of +2-A 42. On 1st April, 2018, a firm had assets of 1,00,000 excluding stock of 20,000. The current liabilities were 10,000 and the balance constituted Partners’ Capital Accounts. If the normal rate of return is Read More …
Question 41 Chapter 3 of +2-A 41. A firm earns profit of 5,00,000. Normal Rate of Return in a similar type of business is 10%. The value of total assets excluding goodwill and total outsiders’ liabilities as on the date Read More …
Question 40 Chapter 3 of +2-A 40. A business has earned average profit of 4,00,000 during the last few years and the normal rate of return in similar business is 10%. Find value of goodwill by Capitalisation of Super Profit Read More …
Question 39 Chapter 3 of +2-A 39. Form the following particulars, calculate the value of goodwill of a firm by applying Capitalisation of Average Profit Method: Profits of last five consecutive years ending 31st March are: 2019 − 54,000; 2018 Read More …