Question 19 Chapter 3 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 19 Chapter 3 of +2- Part-

Question 19 Chapter 3 of +2-Part-1 18. (Avg Profit/ Super Profit/Capitalisation method) The following information relates to a partnership firm: Profits for the last six years:- 2013: Rs.18,000(loss); 2014: Rs.30,000; 2015: Rs.25,000; 2016: Rs.55,000; 2017: Rs.65,000; 2018: Rs.95,000 Average capital Read More …

Question 14 Chapter 3 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 3 of +2- Part-

Question 14 Chapter 3 of +2-Part-1 14. (Super Profit Method) Calculate goodwill at two years purchase of super-profits. Normal rate of return-10%. Assets: Machinery Rs.2,00,000; Building Rs.3,00,000; Stock Rs.70,000; Debtors Rs.25,000; Provision for doubtful debts Rs.5,000; Preliminary expenses Rs.10,000. Liabilities Read More …