Financial State...

ABC associated intends to revalue its good will on the basis of $$3$$ years purchase of average profits of last $$4$$ years. Net profit of the past four years were Rs.$$32,000$$, Rs.$$40,000$$, Loss Rs.$$4,000$$, Profit Rs.$$42,000$$. The goodwill of the firm will be.....

Which of these transaction effect both trading a/c and profit and loss a/c

What will be the value of closing stock on $$31-12-13$$ under weighted average method from the following details of Receipts and Issues.

Personal A/c relate to

Total assets of a firm are Rs. 1,20,000, outside liability amount to Rs. 40,000, total capital contributed by the partners would be

Which of these is a charge to profit and loss a/c?

Opening stock of a trading concern excludes.....

From the following details find out the amount to be debited to profit and loss as fresh provision for doubtful debts during 07-08
Balance as on 31.03.08. Debtors Rs. 30,000
Bad debt during the year Rs. 1,500
Provision for bad debts as on 1.04.07 Rs. 2,500
Provision for doubtful debts to be kept at 5% of total debtors

A, B and C are three partner sharing profit and loss in the ratio of 6:5:4, B retires from the firm. What is the new profit sharing ratio of the remaining partners?

Revenue from sale of trading goods is an example of..