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Fundamentals of...

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  • Question 1
    1 / -0

    What values are involved in the rectification of past adjustments:

  • Question 2
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    Goodwill is an __________ asset.

  • Question 3
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    A partnership deed is silent for the payment of interest on partners’s loan but there was a loss instead of profits during the year 2013-14. At what rate will the interest on partner’s loan be allowed?

  • Question 4
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    Goodwill is capitalized valued of ____.

  • Question 5
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    ________ is the excess of actual profit over normal profit.

  • Question 6
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    Types of goodwill are

  • Question 7
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    Match the following

    1.Average Profit
    • Internally generated goodwill

    2.Purchase Goodwill
    • Acquired by making payment

    3.Generated Goodwill
    • Normal business profits

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