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  • Question 1
    1 / -0

    The formula of average profit method is __________.

  • Question 2
    1 / -0

    'Dogs' is applicable in case of professional services like ______________.

  • Question 3
    1 / -0

    Factor(s) affecting the value of goodwill is/are _____________.

  • Question 4
    1 / -0

    If the purchase price exceeds the net assets taken over, the difference is treated as ___________.

  • Question 5
    1 / -0

    ________  may be defined as the value of the reputation of the firm.

  • Question 6
    1 / -0

    When an incoming partner purchases his share from any one of the existing partners, then:

  • Question 7
    1 / -0

    Identity the item which does not include under Current Account transaction__________________.

  • Question 8
    1 / -0

    Which of the following refers to a situation in which the merger of companies results in over $$25$$% of the market in the hands of the merged companies?

  • Question 9
    1 / -0

    Calculate the goodwill for 3 years of purchase on the average profit basis.

    year
    2014
    2015
    2016
    2017
    profit
    50000
    60000
    80000
    30000

  • Question 10
    1 / -0

    ________  may be defined as the value of the reputation of the firm.

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