Question
XYZ & co is a partnership firm that has been operating for five years. The firm has consistently achieved average annual profits of ₹1,00,000. The capital employed in the business is ₹5,00,000. The partners estimated a normal rate of return of 10% for businesses in the same industry. Calculate the goodwill of the firm being 3 years' purchase of super profit.
More Accounts Questions
- Which of the following is true about sales tax and VAT?
- Under which act does the Securities and Exchange Board of India (SEBI) operate to regulate the securities market in India?
- Calculate the value of work certified, if cash received is Rs. 480,000, being 80% of work certified.
- NPV is positive when:
- Which of the following cost are not excluded from the cost of inventories as per AS 2:
- The UTGST Act, 2017 is applicable to Union-Territories except:
- For a given product, the sales of a company @ ₹ 200 per unit is ₹ 20,00,000. Variable cost is ₹ 12,00,000 and fixed cost is ₹ 6,00,000. The capacity of the...
- ___________ implies the overall market risk that affects all securities and cannot be diversified away.
- According to the Money Measurement Concept, which of the following will be recorded in the books of accounts?
- What is a key technical challenge in implementing real-time cloud-based accounting across multiple locations?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
