recorde 30,000 1,00,000 1.70.000 2.20,000 ed. Dinesh wa ed nereas Chaman Of fthe Loss OSs Profit Profit Profit 4th 5th 6th vas Counts at the . Explain what e ti man agreed? wards salari ce it should be f this liability debi. I payment, the d be z1,60,000.] 0.4.X purchasced the business of y from lst A hwill is to be valued at 100 April. 2019 For this puros of the average annual profits of the last four years. Ies rela arofits shown by Y's business for the last four years were: st March, 201l6 (R) 1,00,000 ar ene Profit afer debiting loss of stock by fire R50,000) 2017 Loss 1,50,000 (includes voluntary retirement compensation paid R80,000) u 2018 Profit 1,50,000 2019 Profit 2,00,000 f lustrations) Verification of books of accounts revealed the following: 0 During the year ended lst March, 2017, a machine got destroyed in accider and 60,000 was written off as loss in Profit & Loss Account. Dwere debited to Travelling Expenses Account on which depreciation is to be e ratio of 5:3. With ually. Cal charged @ 10% p.a. on Straight Line Method. Clculate the value of goodwill Hint. Profit for the year ended st March 2018 2,24,000 and for 2019 1,92,000. Q.5.A, B and Care partners in a firm sharing profits and losses in the ratio of fect from Ist Apri.Ans.Goodwill 1,39,000.] individual partner s take D into partnership for 1/4th share on Ist April, 2

recorde 30,000 1,00,000 1.70.000 2.20,000 ed. Dinesh wa ed nereas Chaman Of fthe Loss OSs Profit Profit Profit 4th 5th 6th vas Counts at the . Explain what e ti man agreed? wards salari ce it should be f this liability debi. I payment, the d be z1,60,000.] 0.4.X purchasced the business of y from lst A hwill is to be valued at 100 April. 2019 For this puros of the average annual profits of the last four years. Ies rela arofits shown by Y's business for the last four years were: st March, 201l6 (R) 1,00,000 ar ene Profit afer debiting loss of stock by fire R50,000) 2017 Loss 1,50,000 (includes voluntary retirement compensation paid R80,000) u 2018 Profit 1,50,000 2019 Profit 2,00,000 f lustrations) Verification of books of accounts revealed the following: 0 During the year ended lst March, 2017, a machine got destroyed in accider and 60,000 was written off as loss in Profit & Loss Account. Dwere debited to Travelling Expenses Account on which depreciation is to be e ratio of 5:3. With ually. Cal charged @ 10% p.a. on Straight Line Method. Clculate the value of goodwill Hint. Profit for the year ended st March 2018 2,24,000 and for 2019 1,92,000. Q.5.A, B and Care partners in a firm sharing profits and losses in the ratio of fect from Ist Apri.Ans.Goodwill 1,39,000.] individual partner s take D into partnership for 1/4th share on Ist April, 2 Q. 4. X purchased the business of Y from 1st April, 2019. For this purpose is to be valued at 100% of the average annual profits of the last four years. profits shown by Ys business for the last four years were : year ended 51stMarch, 2016 Profit (after debiting loss of stock by fire eo,000) 2017 Loss (includes voluntary retirement compensation paid 00,000) 2018 Profit 2019 Profit Verification of books of accounts revealed the following (i) During the year ended 31st March, 2017, a machine got destroyed in accident and e60,000 was written off as loss in Profit & Loss Account. (ii) On 1st July 2017, Two Computers costing each were purchased and were debited to Travelling Expenses Account on which depreciation is to be charged @ 10% p.a. on Straight Line Method. Calculate the value of goodwill. [Ans. Goodwill Hint.Profit for the year ended 31st March 2018 and for 2019 In the ratio of

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