Question 06 Chapter 3 of +2-Part-1 6. (Calculate goodwill when partners capital are given) A firm of partner A, B and C has fixed capital of Rs.1,00,000, Rs.80,000 and Rs.1,20,000 respectively. Interest on capital is allowed @10% p.a. The profits Read More …
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. Advertisement Year Profit 1 1,500 2 Three times of 1st 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 Advertisement 1. Rana and Soun are sharing profits 11:9 ratio. Their goodwill is to be valued at two years purchase of average profits for the Read More …
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