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A, B and C shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April, 2019, they agreed …

From the following information, calculate value of goodwill of the firm: (i) At three years' purchase of Average Profit.…

Ajeet and Baljeet are partners in a firm. Their capitals are ₹ 9,00,000 and ₹ 6,00,000 respectively. During the year ended 3…

A business has earned average profit of ₹ 4,00,000 during the last few years and the normal rate of return in similar busine…

Average profit of GS & Co. is ₹ 50,000 per year. Average capital employed in the business is ₹ 3,00,000. If the normal …

Rajan and Rajani are partners in a firm. Their capitals were Rajan ₹ 3,00,000; Rajani ₹ 2,00,000. During the year 2018−19, t…

Average profit of the firm is ₹ 2,00,000. Total assets of the firm are ₹ 15,00,000 whereas Partners' Capital is ₹ 12,00,…

On 1st April, 2018, a firm had assets of ₹ 1,00,000 excluding stock of ₹ 20,000. The current liabilities were ₹ 10,000 and t…

A firm earns profit of ₹ 5,00,000. Normal Rate of Return in a similar type of business is 10%. The value of total assets (ex…

A business has earned average profit of ₹ 4,00,000 during the last few years and the normal rate of return in similar busine…

Form the following particulars, calculate value of goodwill of a firm by applying Capitalisation of Average Profit Method: (…

A business has earned average profit of ₹ 1,00,000 during the last few years. Find out the value of goodwill by capitalisati…

From the following information, calculate value of goodwill of the firm by applying Capitalisation Method: Total Capital of …

Ayub and Amit are partners in a firm and they admit Jaspal into partnership w.e.f. 1st April, 2019. They agreed to value goo…

Average profit earned by a firm is ₹ 7,50,000 which includes overvaluation of stock of ₹ 30,000 on an average basis. The cap…

Average profit earned by a firm is ₹ 1,00,000 which includes undervaluation of stock of ₹ 40,000 on an average basis. The ca…

On 1st April, 2019, an existing firm had assets of ₹ 75,000 including cash of ₹ 5,000. Its creditors amounted to ₹ 5,000 on …

Supreet and Shubham are equal partners. They decide to admit Akriti for 1/3rd share. For the purpose of admission of Akriti,…

Capital of the firm of Sharma and Verma is ₹ 2,00,000 and the market rate of interest is 15%. Annual salary to partners is ₹…

A business earned an average profit of ₹ 8,00,000 during the last few years. The normal rate of profit in the similar type o…