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 Year Profit/Loss I 17,000 II 20,000 III 23,000 The capital 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 Year Profit/Loss 2015 10,000 2016 20,000 2017 30,000 2018 40,000 2019 60,000 Calculate the value 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 …
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 …
Advertisement