Admission of a ...

Goodwill is to be calculated at 1.5 years of purchase of average profit for last 6 years. Profit earned during the first is Rs. 30,000, Rs. 20,000 and Rs. 29,000 and losses suffered of Rs. 5000, Rs. 3000 and 2000 in the last three years. Goodwill be:

Goodwill is to be calculated at one and a half years purchase of average profit for the last 5 years. The firm earned the profit during the first 3 years as, Rs. 20,000 , Rs. 18,000 and 2,000 and 5,000 in last 2 years, goodwill amount will be:

How unrecorded assets are treated at the time of retirement of a partner?

What do you mean by purchasing years?

A firm has an unrecorded investment of Rs 5,000. Entry in the firms journal on an admission of a partner will ________.

The profit of last four years are:

2000	Rs.40,000
2001	Rs.50,000
2002	Rs.60,000
2003	Rs.50,000

The value of goodwill on the basis of three purchases years of average profit based on last four years:

What is the extra amount over and above the values of the identifiable assets in a going concern is known as?

A and B are partners of a firm sharing profits in the ratio of 3:2. C was admitted for the 1/5th share of profit in the firm. For this, the machinery would be appreciated by 10% (book value Rs 80,000) and the building would be depreciated by 20% (book value Rs 2,00,000). Unrecorded debtors of Rs. 1,250 would be brought in the books and a creditor of Rs. 27,500 died and the firm does not need to pay anything to him. What will be the profit/loss on revaluation?

A firm earned the net profit during the last 3 years:

2004	Rs. 17,000
2005	Rs. 20,000
2006	Rs. 23,000

 The capital employed Rs. 80,000 return on capital employed 15% calculated the value of goodwill on the basis of two years purchase of average super profit earned:

What do you mean by super profit?