Tarang purchased Jyoti’s business with effect from 1st April,2025.

5 :- Tarang purchased Jyoti’s business with effect from 1st April, 2025. Profits shown by Jyoti’s Business for the last three financial years ended 31st March were:2023 : Rs 1,00,000 (including an abnormal…

Accountancy Class 12 General

Asin and Shreyas were partners

4 :- Asin and Shreyas were partners sharing profits and losses in the ratio of 2 : 1. They admitted Shyam as a partner for 1/5th share in profits. For…

Accountancy Class 12 Fundamental of Partnership

Purav and Purvi are partners in a firm

3 :- Purav and Purvi are partners in a firm sharing profits and losses in the ratio of 2 : 1. They admit Parv into a partnership for 1/4th share…

Accountancy Class 12 General

Profit for the five years ending 31st March are as follows :-

2 :- Profits for the five years ending 31st March are as follows:-Year 2021 – Rs 4,00,000; Year 2022 – Rs 3,98,000; Year 2023 – Rs 4,50,000; Year 2024 – Rs 4,45,000 and Year 2025 – Rs 5,00,000.Calculate the…

Accountancy Class 12 General

Goodwill is to be valued at three year’s purchase

1 :- Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits of the firm for the last four years ending 31st March were:2022 – Rs 12,000, 2023 –…

Accountancy Class 12 General

Question 1 to 3 (Average Profit Method)

TS Grewal Solutions - Goodwill : Nature and Valuation 1 :- Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits of the firm for…

Accountancy Class 12 General

TS Grewal Volume 1 Solutions (2025 – 26) Chapter 2 – Goodwill : Nature and Valuation

Question 1 to 3 (Average Profit Method)Question 4 to 7 (Average Profit Method when Past Adjustments are made)Question 8 to 9 (Weighted Average Profit Method) Question 10 to 16 (Super…

Accountancy Class 12 Fundamental of Partnership

On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net profit

73 :- On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net…

Accountancy Class 12 Fundamental of Partnership

Question 73 to 75 (Adjustments for incorrect appropriations in the past)

73 :- On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net…

Accountancy Class 12 Fundamental of Partnership

Xen, Sam and Tim are partners in a firm

91 :- Xen,Sam and Tim are partners in a firm. For the year ended 31st March, 2025, the profit of the firm Rs 1,20,000 was distributed equally among them, without giving…