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Average profit earned by a firm is Rs. 80,000 which includes undervaluation of stock of Rs. 8,000 on an average basis. The capital invested in the bus

Monjur Alahi

Average profit earned by a firm is Rs. 80,000 which includes undervaluation of stock of Rs. 8,000 on an average basis. The capital invested in the business is Rs. 8,00,000 and the normal rate fo return is `8%`.
Calculate goodwill of the firm on the basis of 7 times the super profit.


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Salim Ahmed Kawsar

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Correct Answer - Goodwill - Rs. 1,68,000.

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Capital A/c……………..Dr. To Profit and Loss Account (Being Net Profit transferred to Capital A/c)

Profit and Loss Account…………….Dr. To Capital A/c (Being Net Profit transferred to Capital A/c)

2 Answers 1 views
From the following data, calcualte value added by firm X and by firm Y: (i) Closing stock of firm X 20 (ii) Closing stock of firm Y 15 (iii) Opening s

VA by X=v+i-iv-vi-ix =300+20-5-100-50 =rs 165 lakh V.A. by `Y=viii+ii-iii-vii` `=250+15-10-80` =rs 175lakh

2 Answers 2 views
Calculate value-added by firms A and B from the following data: (i) Purchases by firm B from firm A 40 ) Sales by firm B 80 (iii) Imports by firm B 10

V.A. by `A=i+viii-ix-vii` `=40+20-10-20` =rs 30 lakh V.A. by `B=ii+vi-v-i-iii` =`80+20-15-40-10` =rs 35lakh

2 Answers 1 views
From the following data, find out value added by firm X: (i) Sales by firm Y to firm X 400 (ii) Sales by firm X to households 500 (iii) Purchases by f

`GVA_(mp)` by X=(ii+iii)+(v-iv)-(i) `=(500+300)+(75-25)-400` =rs 450lakh.

2 Answers 1 views
Average profit earned by a firm is Rs. 1,00,000 which includes undervaluation of stock of Rs. 40,000 on an average basis. The capital invested in the

Correct Answer - Goodwill - Rs. 5,42,500.

2 Answers 1 views
Average profit earned by a firm is Rs. 7,50,000 which includes undervaluation of stock of Rs. 30,000 on an average basis. The capital invested in the

Correct Answer - Value of Goodwill - Rs. 2,70,000.

2 Answers 1 views
A business has earned average profit of 1,00,000 during the last few years. Find out the value fo goodwill by capitalisation method, given that the as

Correct Answer - Goodwill - Rs. 1,80,000.

2 Answers 1 views
Rajan and Rajani ar partners in a firm. Their capitals were Rajan Rs. 3,00,000, Rajani Rs. 2,00,000. During the year 2018 - 2019, the firm earned a pr

Correct Answer - Value of Goodwill - Rs. 2,50,000.

2 Answers 1 views
If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ 

Correct option is (c) ₹ 25,000

2 Answers 1 views
Charles Ltd. Earned a profit of ₹ 1,00,000 after charging deprection of ₹ 20,000 on asset and a transfer to Grenral Reserve of ₹ 30,000.Goodwill amort

Correct Answer - Cash Flow Operating Activites = ₹ 1,54,800; Net Profit before Tax = ₹ 1,30,000

2 Answers 1 views

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