Login
Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

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

Monjur Alahi

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 profit of Rs. 1,50,000. Calculate the value of goodwill of the firm by capitalisation of super profit assuming that the normal rate of return is `20%`.


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

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

0 like 0 dislike
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
Profit or Loss on Revaluation is born by -  (A) Old partners  (B) New partners  (C) All partners  (D) Only two partners

Correct option is: (A) Old partners

2 Answers 1 views
Annu, Baby and Chetan are partners in a firm sharing profits and losses equally. They decide to take Deep into partnership from 1st April, 2019 for 1/

Correct Answer - Goodwill - Rs. 2,27,550.

2 Answers 1 views
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

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

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
Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000 . A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan

Correct Answer - 32,000 Equity Shares to be issued.

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
Welprint Ltd has given the following information : `{:(,,"₹"),(,"Machinery as on 1st April, 2018", "50,000"),(,"Machinery as on 31st March, 2019","60,

Correct Answer - Cash Used in Investing Activities = ₹ 22,000

2 Answers 1 views

Log in to ask questions, provide answers, or leave comments.


Login

Install the Bissoy app to consult with a doctor.


Download