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  • Question 1
    1 / -0

    A, B, C are partners sharing profits and losses in the ratio of $$4/9:1/3:2/9$$. B retires and surrenders $$1/9$$th of his share in favour of A and remaining in support of C. The new profit sharing ratio will be ______. 

  • Question 2
    1 / -0

    A, B, C are partners sharing profits and losses in the ratio of 4/9: 1/3: 2/9. B retires and surrenders 1/9th from his share in favour of A and remaining in support of C. The new profit sharing ratio will be ______. 

  • Question 3
    1 / -0

    The following particulars are available in respect of the business carried on by a partnership firm:
    Trading Results:
    Year I             Loss         Rs. 10,000
    Year Il            Loss         Rs. 12,000
    Year Ill           Profit        Rs. 1,50,000
    Year IV          Profit        Rs. 1,20,000
    The value of goodwill on the basis of 5 years purchase of the average profit of the business is _________. 

  • Question 4
    1 / -0

    X, Y, Z are partners sharing profits and losses in the ratio of $$1/2:1/8: 3/8$$. Z retires and surrenders $$4/9$$th of his share in favour of X and remaining in support of Y. The new profit sharing ratio will be ______. 

  • Question 5
    1 / -0

    A and B are partners, sharing profits in the ratio of 5:3 ,they admitted C , who acquires 1/10th equally from the both. What will be the new profit sharing ratio?

  • Question 6
    1 / -0

    A, B, and C share profit and losses in the ratio of 3: 2: 1. D is admitted with 1/6 share which he gets entirely from A. New ratio will be ___________.

  • Question 7
    1 / -0

    Total Capital Employed in the firm Rs. 16,00,000.
    Reasonable Rate of Return 15%.
    Profits for the year Rs. 24,00,000.
    The value of goodwill using capitalization method is _________. 

  • Question 8
    1 / -0

    A firm has an average profit of Rs 60,000. Rate of return on capital employed is 12.5% p.a. Total capital employed is Rs 4,00,000. Goodwill is to be calculated on the basis of two years purchase of super profit. Find the amount of goodwill?

  • Question 9
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    The profits for Year I are Rs 4,000; for Year ll is Rs.52,200, and for Year lll is Rs. 62,400. Closing stock for Year ll and Year lll includes the defective items of Rs. 4,400 and Rs. 12,400 respectively which were considered as having market value NIL. The value of goodwill on average profit method is ________. 

  • Question 10
    1 / -0

    What do you mean by purchasing years?

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