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What are the factors affecting goodwill?
Explain various methods
of valuation of goodwill.
Meaning of Undervalued and Overvalued (in case of an asset) and its treatment. Also are liabilities undervalued, overvalued too?
what is the treatment for investment fluctuation fund in partnership
expenses on revaluation amounted to 2100 is paid by A.. this is a loss and hence debited to revaluation account but why is this a loss?
what is aims and objectives of admission of partners
what are the provision of as-26 for the treatment of goodwill at the time of admission of a new partner ?
Creditors were written back Rs. 5000.Which side of the Revaluation a/c will this adjustment fall in?
Creditors were written back Rs. 5000.
Which side of the Revaluation a/c will this adjustment fall in?
Why are assets and liabilities revalued at the time of admission of a partner? By revaluing the assets and liabilities dont we violate Going concern and Cost concept??
sir my book is of B.B. dam new course of AHSEC PART A THEORY ND PRACTICE OF ACCOUNTANCY in this book chapter 3 i cant find exercise question of pg no.3.149 plz sir tell me where i got the answers?
why is revaluation a/c prepared when we make the balance sheet as per all the adjustments
of the last year
admission of a partner question with solution?
x,y,z are partners in the ratio of 3:2:1. W is admitted for 1/6th share in profits . Z would retain his original share. Find out the new profit sharing ratio.
........please explain me this question as best as you can
what does exactly 'number of year purchase' mean in the valuation of goodwill?
amalgamation of partnership firms means?
give any two reasons for the prepartion of revaluation account on the admission of a new parter.
is there any difference between average profit or average super profit
stock is undervalued by 10% the amount of stock is 18000.
How come in revaluation its written 2000 ?
pls give solutions of dk goel accountancy ch 4 fast
A provision for doubtful debts was to be made equal to 5% of the debtors??? what does it mean how to treat this??balance sheet-asset side- debtors-30,000.
how to treat bank overdraft?
A sum on partnership with journal , ledger, trial balance, trading, profit & loss, profit & loss appropriation ,balance sheet & partner's capital account.
What is the meaning of Undervalued and Overvalued?????
A nd B are partners sharing profits and losses in the ratio 3:1. On 1st april 2012 their balance sheet was as follows."
Liabilities = Sundry creditors- 70000; Capital a/cs- A - 200000, B- 80000; TOTAL= 350000.
Assets= Goodwill- 20000; plant- 100000; patents- 10000; stock- 142000,; Sundry debtors- 50000; cash ta bank- 8000; profit and loss account- 20000. Total- 350000.
They admit C into partnership with 1/6th share in profits on the following terms:
(a). Goodwill is to be valued at one’s year purchase of the five years’ average profit which were Rs.20000; Rs.30000 ; Rs.30000; rs.50000 and Rs.50000.
(b). C agrees to contribute 1/4th of the combined capital of A and B in the new firm.
( c ). Plant is to be written down to Rs.90000 and patents written up to Rs.12000.
(d). A reserve for bad and doubtful debts is to be created @2%p.a. of the debtors.
( e). A liability of Rs.5000 included in sundry creditors is not likely to arise.
Give journal entries, revaluation account, partners capital account, cash account and balance sheet after the admission of C.
lease give me solution of 85 question in dr.s.c sharma as i am not getting goodwill.
How to treat the following adjustment.
-Provision for bad debt found in excess by 400 Rs.
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