This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 551. |
Do wages paid for abnormal idle time form part of cost of production? |
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Answer» Answer: |
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| 552. |
Ques. 9:-A and B are Partners Sharing Profits in the ratio of 2-3. Teir Balance Sheet as on 32 03 2013 manderBALANCE SUEET AS ON 31.3.2013LiabilitiesCapital AccountsPlant and Machinen67,500 Land and BuildinkB57.500 FurnitureOverdraft9.000 StockCreditors1.15,500 | Dehlors1200Salaries Outstanding3,000 Ls: PravisionGeneral Reserve7.500 Prepaid Insommee2.59.500odC is admitted as Partner on the same date on following termsThe new Profit Sharing ratio will be 3:2:1.C will bring 48,000 as capital.Since C is unable to bring anything in cash for his Share of goodwill. Partners decide to valid godwill abiel isto be calculated on the basis of C's slzare in profits and the capital contributed by hiru.(iv) Following Revaluations have to be made -60Plant and Machinery90,000StuckLand and Building90,000Prwision for Donbalul DobraReduce Furniture by 10%Prepare Revaluation Account, Partners Capital Accounts and Balance Sheet of the new Firm |
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Answer» Explanation: Class 12 Commerce - Calculation of New Profit-Sharing Ratio Class 12 Commerce - Gaining Ratio of the Remaining Partners Please MARK me as brainliest |
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| 553. |
इकहरी लेखा प्रणाली में तुलनात्मक अध्ययन करना कठिन होता है.True or False? |
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Answer» Answer: Explanation: True...have a beautiful DAY and STAY home...stay SAFE |
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| 554. |
Please answer me this question as soon as possible |
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| 555. |
Ashok bhaskar and chaman are partner in a firm sharing profit and losses as ashik 1/3 bhaskar 1/2 chaman 1/6 |
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Answer» Answer: Ashok bhaskar and chaman are partners in a firm SHARING profits and losses equally as ashok 1/3 bhaskar 1/2 chaman 1/6 RESPECTIVELY. The balance SHEET of the firm TOTALLED 15,70,000. plzz MARK me as brainliest |
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| 556. |
एक स्प्रेडशीट पंक्तियों एवं स्तम्भों से बने ग्रिड के रूप में दिखाई देती है।.True False |
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Answer» MM well. Explanation: the answer is TRUE........... |
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| 557. |
Prepose the journal entries a. abc ltd commerce business with 10000rs b. purchase goods 5000rs on cash c. sold goods 2000 on cash d.paid rent 1000rs |
Answer» Answer :__________________________________ Journal ENTRY :-1) Cash Ac Dr...10000 To, Capital Ac Cr...10000 ( Being Started business with cash ) 2) PURCHAS Ac Dr..5000 To, Cash Ac Cr...5000 ( Being goods purchased ) 3) Cash Ac Dr...2000 To, Sales Ac Cr..2000 ( Being sold goods for cash) 4) Rent Ac Dr...1000 To, Cash Ac Cr...1000 ( Being Rent paid ) ___________________________________ Thanks & Good day!! © Sachin Bhalerao
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| 558. |
How will you do the pricing of return of surplus materials |
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Answer» CONSUMER SURPLUS, or consumers' surplus, is the monetary gain obtained by consumers because they are able to PURCHASE a product for a price that is less than the HIGHEST price that they would be willing to pay. |
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| 559. |
Please answer this question i urgently need |
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Answer» Answer: hi MARK as brainlylist and follow me and mark as brainlylist and follow me and mark as brainlylist and follow me and mark as brainlylist and follow me and mark as brainlylist and follow me and mark as brainlylist and follow me |
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| 560. |
। पूर्वाधिकार अंश क्या है?What is Preference SH |
Answer» ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs ᴜ ᴍᴀᴛᴇ........... |
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| 562. |
Name of the asset that is compulsory to revalue at the time of admission if a new partner? |
Answer» Answer ッAt the time of admission of a PARTNER, the assets and liabilities may or may not be REVALUED DEPENDING upon whether there is any increase or DECREASE in their balances. However, it is necessary to VALUE goodwill of the firm at the time of admission of a partner. |
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| 563. |
goods sold to Mohan 100000 with 20%trade discount and 10%cash discount only 75% money received in cash |
Answer» Answer :____________________________________ Journal Entry :-Cash Ac Dr... 54000/- Cash Discount Ac Dr...8000/- Account Receivable Ac Dr...10000/- To, Sales Ac Cr....72000/- ( Being Goods SOLD to Mohan, CASH discount allowed & Part payment RECEIVED. ) NOTE : TRADING DISCOUNT ISN'T CONSIDER IN BOOK OF ACCOUNTS _____________________________________ Thanks & Good day! © Sachin BhaleRao!! |
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| 564. |
under what heads the following items on thebassets side of the balance sheet of a company will be presented? 1.sundry debtors 2.prepaid insurance 3.work_in_progress |
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Answer» Answer: 686dyixitistitsrzuzurruzztuzirtoztizstis5ixoyFJyxoxyixitts85s858ssiti5so6esyo7r0ys9rausyoitaupds6ojratoasyoriaitstisdo6 |
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| 565. |
A, B and C are partners sharing profits and losses in the ratio of 3:3:2. Their Balance Sheet as at 31 March, 2019 has book values as Stock Rs. 1,20,000, Machinery Rs. 1,59,000, Building Rs. 2,00,000, Creditors Rs. 24,000, General Reserve Rs. 36,000, Debtors Rs. 44,000. Partners decided that with effect from 1 April 2019, they would share profits and losses in the ratio of 4:3:2. It was agreed that stock be revalued Rs. 1,07,800, machinery reduced by Rs. 15,900, building increased by Rs. 42,500. Partners agreed that revised values of assets and liabilities are not be recorded in the books and they also do not want to distribute the general reserve. Pass the necessary single entry to give effect to the above. Show your working notes clearly. |
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Answer» Answer: 55,00,432 is the VALUE |
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| 566. |
Jan.20 Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount and paid 40% by cheque.what will be the journal entry for this . |
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Answer» TOTAL 75,0000 is paid is the answer for your question dear FRIEND and mark my answer as BRAINLIST |
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| 567. |
62. Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2.On 31st March, 2020 hclosing the books of account, their Capital Accounts stood at * 4,80,000 and 6,00,000 respectively (1st May, 2019, Simrat introduced an additional capital of 1,20,000 and Bir withdrew * 60,000 fromcapital. On 1st October, 2019, Simrat withdrew * 2,40,000 from her capital and Bir introduced 73,000Interest on capital is allowed at 6% p.a. Subsequently, it was noticed that interest on capital @ 6% pahad been: Simrat-1,20,000 and Bir-*60,000.Compute the interest on capital if the capitals are (a) fixed, and (b) fluctuating. |
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Answer» Answer: There 2 PHOTOS check it out. a) is FIXED capital and B) is fluctuating capital |
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| 568. |
cheque for Rs 9700 drawn by ms bantu was dishonoured. please give answer mujhe ye smajh nhi aa rha ki dishonour m kb entry reverse hogi aur kb nhi please explain.who give me answer.I wil mark him as brainliest answer |
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Answer» it is LOSS of MS BANTU because dihonour is loss of HONOUR and it will. be DEDUCTED from capital becuse it is loss |
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| 569. |
Calculate cogs opening stock 30,000 purchases 6,50,000 purchase return 10,000 direct wages 15,000 carriage inward 3,000 closing stock 28,000 |
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Answer» Answer: Calculate Gross PROFIT on the basis of the FOLLOWING information: ₹ Purchases 6,80,000 Return Outwards 30,000 Carriage INWARDS 20,000 Carriage Outwards 15,000 Wages 50,000 3/4 of the GOODS are sold for ₹ 6,00,000. |
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| 570. |
Accounting stars where book keeping |
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Answer» Question: Accounting starts where BOOK keeping .......... Accounting starts where book keeping ends. Thank-you ~AnuKomalJoshi |
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| 571. |
received cheque of rs. 3800 from kebal after deducting 5% discount. write the amount of kebal (journal entry) |
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Answer» Answer: let original amount be X so DISCOUNT =5%X X. -5%X =3800 95X/100. =3800 X. = 3800*100/95 X =4000 |
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| 572. |
HP company ltd,had 5000 8% redeemable preference shares of rs.100 each,fully paid up.The comapny decided to redeem these shares at par by the issue of sufficient number of equity shares of rs.10 each fully paid up.You are required ro pass necessary journal entries including cash trasaction in the books of account |
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Answer» Answer: mark s brainlist answer and do follow me thank to my answer Explanation: Hinduja Company Ltd. had 5,000 8% ... issue of SUFFICIENT number of equity SHARES of. Rs. ... Preference Shares of Rs. 100 each, fully paid up. The company decided to redeem these. |
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| 573. |
Taran and deep are partners sharing profit and losses in the ratio of 2:3 with the capital of 300000 and 200000 |
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Answer» hcjdkjdks hi DJ to the MOON and the SQUARE footage clip of the TEACHER at all of your |
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| 574. |
Prepare a bank reconciliation statement of Ruchika Limited as on 31st March 2017 for the following information 1. Credit balance (overdraft) as per cash book 25000 |
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| 575. |
X, Y and Z are partners, X retires and goodwill of the firm is valued at Rs. 45,000. pass journal entry for the treatment of goodwill on X's retirement. |
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Answer» Answer: z's capital a/c dr. 7500 To x's capital a/c 15000 |
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| 576. |
WERIALS-2169/32w15Kgs. Rs.Opening stock5,000 2.00Issued2,600Issued400Purchased6,000 4.0016Issued2,00028Issued1,00029Purchased2,000 5.0030Issued1,000The stock verification revealed a shortage of 100 kgs. on1-2014. Prepare Stores Ledger as per FIFO and LIFO method.(Sau. Uni., S.Y., Nov. 2014)Ans. AsThe following information regarding receipt and issue of a colour item areained for January, 2014 from the stores of a factory :January, 2014 Particulars |
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| 577. |
Cash paid Rs. 13000 after deducting a discount of 8% to Mr. Amit Khuranagive journal Entry |
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Answer» discount a/c dr. 1040 |
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| 578. |
The following imponindustriesmetis providedby sunriseof April 2019, stackcounts @ Rs 5spesuntPurchaseissues2019 soountie 8 o6-04-10 250 cents-04-2018 soounts @ 27/10-4-18 4oo vints702-04-2018 Gooints et o 14.04.18 Soo units05 -04 -fifo melhochyourequired to calculate usingo method of pricing issuesand 'The value of material consumed duringthe peraid, andThe value of stock ofmaterial on 15-04-1d.drawyouthe stores ledgerneed notup |
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| 579. |
Amount due to Mr. Prabin Rs. 16000 paid in cash subject to a discount of 3% give journal Entry |
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Answer» Tocash A/c. - 15520 |
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| 580. |
The greater the beta, the - 1 pointof the securityinvolved. *O greater the unavoidable riskO greater the avoidable riskO O O Oless the unavoidable riskO less the avoidable risk |
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Answer» what do you MEAN?? L didn't UNDERSTAND..... |
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| 581. |
1 pointA company can improveits debt-to-total assetsratio byO Borrowing moreOShifting short-term to long-term debtShifting long-term to short-term debtOSelling common stock |
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Answer» A COMPANY can improve (lower) its DEBT-to-total assets ratio by doing which of the FOLLOWING? Borrow more. Shift short-term to LONG-term debt. Shift long- term to ... |
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| 582. |
Grey market is an *1 pointOOfficial marketO Unofficial marketO Regulated marketOBlack market |
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Answer» UNOFFICIAL market please MARK as BRAINLIEST |
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| 583. |
A and B are partner in a ratio of 4:3 they admitted C as a new partner A give him 1/2 B give 1/3 part of share . calculate new ratio and Sac ratio |
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Answer» C's SHARE = 4/7×1/2+3/7×1/3=3/7 B's NEW share=3/7-1/7=2/7 A's new share=4/7-2/7=2/7 thus, new RATIO is 2/7:2/7:3/7 =2:2:3 sac ratio is 2:1 |
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| 584. |
Goods sold and sale proceeds deposited in bankMO |
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Answer» the question is not clear MATE |
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| 585. |
purchase goods of rupees 40,000 at 10% trade discount and 5% cash discount from rahim and paid half of the amount in cash. |
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Answer» wthoori Wioid k Explanation: jpydl9rbpifuypi |
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| 586. |
Purchased goods on credit from Mr. Desmukh 3000 at 10% trade discount |
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Answer» Purchases/Inventory 3000 MR Desmukh 2700 |
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| 587. |
1. net profit before commission hasbeen 120000 partners commission isis 20% off of net profit beforecharging Sach commission theamount of partners commission is *Your answer |
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Answer» Answer: 120000×20÷80 = 120000÷4 =30000 |
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| 588. |
Par value meansOValue of the instrument tradedin the marketOValue of the instrument at thetime of issueOIntrinsic value of theinstrumentO Market value of the instrument |
Answer» okay here is your answer check the below attached file and do follow me mark as brainlist answer thank to my answerExplanation: The money market refers to trading in very short-term debt investments. At the wholesale LEVEL, it INVOLVES large-volume trades between institutions and traders. At the retail level, it includes money market mutual funds bought by individual investors and money market accounts opened by bank customers. Both terms refer to the stated value of the financial instrument at the time it is issued. Par value is more commonly used with bonds than with stocks. With bonds, the par value is the amount of money that bond issuers agree to REPAY to the PURCHASER at the bond's maturity |
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| 589. |
7 pointAs per Gesternberg'sidea, working capitalmeans total of *O Current assetsO Current liabilitiesOCurrent assets and liabilitiesO Future investments |
Answer» CURRENT ASSESTS is the ANSWER |
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| 590. |
Purchased goods pn credit from Mr. Desmukh 3000 at 10% trade discount |
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Answer» what is the QUESTION????? |
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| 591. |
Karter introduce capital rs 500000 with his father support. he recived a bank loan pf rs 300000 |
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Answer» Answer: 2,00,000 |
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| 592. |
1 pointIn proper capitalbudgeting analysis weevaluate incremental"O Accounting incomeO Cash flowO EarningsO Operating profit |
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Answer» Explanation: Accounting income |
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| 593. |
In proper capitalbudgeting analysis weevaluate incrementalO Accounting incomeO Cash flowO Earnings0 Operating profil |
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Answer» Answer: Explanation: |
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| 594. |
Partner A decided to use firm name after dissolution for this he agreed to pay 7200..entry? |
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Answer» Surry juf7fi6rhtrydil7sku5e6ik75du6ek |
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| 595. |
Find the dimension of gravitational constant ¿¿¿ |
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Answer» The dimensional formula of gravitational CONSTANT is given by, M-1 L3 T-2 Where, M = Mass L = Length T = Time DerivationFrom NEWTON’s law of gravitation, FORCE (F) = [GmM] × r-2 Gravitational Constant (G) = F × r2 × [Mm]-1 . . . . (1) Since, Force (F) = Mass × Acceleration = M × [LT-2] ∴ The dimensional formula of force = M1 L1 T-2 . . . . (2) On substituting equation (2) in equation (1) we get, Gravitational Constant (G) = F × r2 × [Mm]-1 Or, G = [M1 L1 T-2] × [L]2 × [M]-2 = [M-1 L3 T-2]. Therefore, the gravitational constant is dimensionally represented as M-1 L3 T-2. |
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| 596. |
partner A decided to use firm name after dissolution for this he agreed to pay 7200..entry? ..no irrelevant |
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Answer» it is NAMED as bibery so it is named as bibery of the HUMANITY |
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| 597. |
Decision abt the assest in which the long term funds to be investigated is called |
Answer» A long-term INVESTMENT is an ACCOUNT on the asset side of a company's BALANCE sheet that represents the company's investments, including STOCKS, bonds, REAL estate, and cash. Long-term investments are assets that a company intends to hold for more than a years.HOPE IT'S HELP YOU ❤❇ |
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| 598. |
Show the following items in the Balance Sheet of Kolkata FC during the year 2016-17 Tournament Expenses Rs.15,000 Receipts from Tournament Rs.10,000 Foot Ball Tournament Fund Rs.50,000 Donations to Tournament Fund Rs.25,000 Tournament Fund Investment Rs.70,000 |
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Answer» HEY it's an INVESTMENT |
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| 599. |
Goods returned by brij what will be the journal entry of this? |
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Answer» ★━━━━━━━━━━━━━━━━━━━━━━━━ When MERCHANDISE is returned, the SALES returns and allowances account is debited to reduce sales, and accounts receivable or cash is credited to refund cash or reduce what is owed by the CUSTOMER. A second ENTRY must ALSO be made debiting inventory to put the returned items back. ━━━━━━━━━━━━━━━━━━━━━━━━★ - - - - - - ☺ - - - - - - |
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| 600. |
Goodwill of a firm is valued at the year purchases less 10% of the average profit oflast five years. The results of last five years are as under-3,000 Profit3,300 Profit3,700 Profit3,400 Loss5,400 ProfitCalculate the value of goodwill |
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Answer» Your answer is 2160 Explanation: Average profit=3000+3300+3700-3400+5400/5 =12000/5 =2400 Average profit=2400 Now, We VALUED Goodwill at LESS 10% of average profit so 2400×10% 240 2400-240 =2160 So the Goodwill of the firm is 2160 Hope it helps you |
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