Question 20 Chapter 3 of +2-Part-1 20. (Super Profit/Capitalisation method) A firm earns a profit of Rs.5,000 per year. The average capital employed in the business by the firm is Rs.25,000. The normal rate of return on the capital employed Read More …
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 18 Chapter 3 of +2-Part-1 18. (Capitalisation of super profit) The assets of a firm are Rs.26,000 and liabilities other than capital are Rs.6,000. The normal rate of profit in this type of business is 12½% whereas the firm Read More …
Question 17 Chapter 3 of +2-Part-1 17. (Capitalisation Method) The average net profits expected in future by Ram Gopal and Sons are Rs.25,000 per year. The average capital employed in the business by the firm is Rs.1,80,000. The normal rate Read More …
Question 16 Chapter 3 of +2-Part-1 16. (Capitalisation Method) A firm earns Rs.1,00,000 as its annual profits, the rate of normal profits being 10%. The assets of the firm amount to Rs.5,00,000 and the liabilities Rs.2,00,000. Find out the value Read More …
Question 15 Chapter 3 of +2-Part-1 15. (Capitalisation Method) The average net profits expected in future by Ram Gopal and Sons are Rs.25,000 per year. The average capital employed in the business by the firm is Rs.1,80,000. The normal rate Read More …
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 …
Question 13 Chapter 3 of +2-Part-1 13. (Super Profit Method) X and Y have capital of Rs.1,00,000 and Rs.60,000.The reserve are Rs.50,000 and creditors are Rs.10,000. Normal rate of return expected in this type of business is 10%.The goodwill is Read More …
Question 12 Chapter 3 of +2-Part-1 12. (Super Profit Method) A firm has total assets of Rs.2,50,000 including cash of Rs.30,000.The creditors are Rs.40,000. Normal rate of return is 10% on capital employed. Goodwill of the firm is valued at Read More …
Question 11 Chapter 3 of +2- Usha 11. (Super Profit Method) A firm earned net profit during the last five years as follows:(i) Rs.7,000; (ii) Rs.6,500; (iii) Rs.8,000; (iv) Rs.7,500; (v) Rs.6,000. The capital investment of the firm is Rs.40,000. Read More …