Question 5 Chapter 3 of Class 12 Part – 1 Usha Publication 5. (Average Profit Method) Goodwill is to be valued at two years purchase of 3 years normal average profit of the firm. The profit for 2014-15, Rs.20,000 (including Read More …
Question 4 Chapter 3 of Class 12 Part – 1 Usha Publication 4. (Average Profit Method) Rani purchased Vani’s business on 31st March 2015. The profit disclosed by Vani business for the last three years were as follows: Year 2013: Read More …
Question 3 Chapter 3 of Class 12 Part – 1 Usha Publication 3. (Average Profit Method) Calculate goodwill at two years of purchase of average profits of last three years. Ads loading… Year Profit 1 1,500 2 Three times of Read More …
Question 2 Chapter 3 of Class 12 Part – 1 Usha Publication 2. (Average Profit Method) Partner X is admitted in the firm of A and B for 1/5 share. Calculate new partners share in goodwill on the basis of Read More …
Question 1 Chapter 3 of Class 12 Part – 1 Usha Publication Average Profit Method Ads loading… 1. Rana and Soun are sharing profits 11:9 ratio. Their goodwill is to be valued at two years purchase of average profits for Read More …
Question 61 Chapter 2 of Class 12 Part – 1 Usha Publication 61. (Capital ratio) Honest and Sincere are partners in a firm., having total capital of Rs.80,000 of which Rs.50,000 is of Honest and balance is of Sincere on Read More …
Question 60 Chapter 2 of Class 12 Part – 1 Usha Publication 60. (Capital ratio/ interest on capital) X and Y commenced business on 1st April,2016 with a capital of Rs.20,000 and Rs.10,000 respectively. They agreed to share profits and Read More …
Question 59 Chapter 2 of Class 12 Part – 1 Usha Publication 59. (Capital ratio/ interest on capital) X and Y commenced business on 1st Jan.2014 with capitals of Rs2,00,000 and Rs.1,00,000 respectively. They decided to share profits in their Read More …
Question 58 Chapter 2 of Class 12 Part – 1 Usha Publication 58. (Distribution of profit in the capital ratio) A starts business on 1 April 2018 with Rs.20,000. B joins him on 1st July 2018 and contributes Rs.10,000 as Read More …
Question 57 Chapter 2 of Class 12 Part – 1 Usha Publication 57. (Profit and loss appropriation a/c, capital account & current accounts) From the following information, prepare: 1. The profit and loss appropriation account of P,Q and R for Read More …