Retirement or D...

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 a new partner brings his share of goodwill in cash, the amount is debited to:

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:

X, Y and Z were partners sharing profits in the ratio of $$1/5, 1/3$$ and $$7/15$$ respectively. Z retires and his share was taken up by X and Y in the ratio of $$3 : 2$$. The new ratio will be ________. 

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__________. 

On the admission of a partner if goodwill account is to be raised, this should be debited to_________. 

If A and B share profit in the ratio of $$3 : 1$$ and if C is admitted as a new partner who purchases $$1/4$$ share of profit from A, the new ratio of A, B and C will be________. 

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

Super profit is __________.