Question 16 Chapter 3 of Class 12 Part – 1 Usha Publication 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 Read More …
Question 15 Chapter 3 of Class 12 Part – 1 Usha Publication 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 Read More …
Question 14 Chapter 3 of Class 12 Part – 1 Usha Publication 14. (Super Profit Method) Calculate goodwill at two years purchase of super-profits. Advertisement Video Tag: Normal rate of return-10%. Assets: Machinery Rs.2,00,000; Building Rs.3,00,000; Stock Rs.70,000; Debtors Rs.25,000; Read More …
Question 13 Chapter 3 of Class 12 Part – 1 Usha Publication 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 Read More …
Question 12 Chapter 3 of Class 12 Part – 1 Usha Publication 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 Read More …
Question 11 Chapter 3 of Class 12 Part – 1 Usha Publication 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 Read More …
Question 10 Chapter 3 of Class 12 Part – 1 Usha Publication 10. (Super Profit Method) A partnership firm earned net profits during the last three years as follows: Advertisement Video Tag: Year Profit/Loss I 17,000 II 20,000 III 23,000 Read More …
Question 09 Chapter 3 of +2-Part-1 9. (Weighted Average Profit Method) Calculate the value of goodwill of a firm on the basis of three years purchase of the weighted average profit of the last four years. The profits of last Read More …
Question 08 Chapter 3 of +2-Part-1 8. (Weighted Average Profit Method) The profits of Ram Mills for the last five years were as under: Advertisement Video Tag: Year Profit/Loss 2015 10,000 2016 20,000 2017 30,000 2018 40,000 2019 60,000 Calculate Read More …
Question 07 Chapter 3 of +2-Part-1 7. (Profit & Loss on fixed asset are given) In a firm of partners X and Y, the following was the financial position: 2014: Profits Rs.30,000 (including profit on sale of land Rs.40,000) 2015: Read More …