Admission of a ...

The profits for the last three years are: 2002-03 Rs 42,500; 2003-04 Profits Rs 56,000 and 2004-05 Profits Rs 68,000. The total liabilities of the firm are Rs 10,00,000 of which outsiders' liabilities Rs 5,00,000. The rate of interest expected from capital invested is 10%. Calculate the value of goodwill on capitalisation basis taking weighted average of Net Profit.

When a goodwill account is raised at the time of admission of a new partner, credit is given to old partners in their__________. 

The capital of B and D are! 90,000 and! 30,000 respectively with the profit sharing ratio 3 : 1. They decide to change the ratio to 5 : 3. On the date of change Goodwill is valued at! 84,000. B and Ds capital will be credited by _________.

Which of the following statements is true?

Suresh consigned 2,000 pieces of goods to his agent costing 30 each an invoice price of 20% over cost price. 4/5th of the goods were sold by Agent at a profit margin of 25% on his cost. Sale value of goods will be _________.

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

Firm has earned exceptionally high profits from a contract which will not be renewed. In such a case, the profit from this contract will not be included in:

In the absence of any agreement, it is presumed that the new partner acquires his share in profits from the old partners in the:

All accumulated profits and losses are written off among all partners in the___________. 

X and Y are partners sharing profits in the ratio of $$1 : 1$$. They admit Z for $$1/5^{th}$$ share who contributed $$Rs. 50,000$$ for his share of goodwill. The total value of the goodwill of the firm will be ________.