A business has earned average profit of Rs 8,00,000

36 :- A business has earned average profit of Rs 8,00,000 during the last few year and the normal rate of return in similar business is 10%. Find value of…

Accountancy Class 12 General

Raja brothers earn an average profits of Rs 30,000

34 :- Raja brothers earn an average profits of Rs 30,000 with a capital of Rs 2,00,000. The normal rate of return in the business is 10%. Using capitalization of…

Accountancy Class 12 General

A business has earned an average profit of Rs 4,00,000

30 :- A business has earned an average profit of Rs 4,00,000 during the last few years and the normal rate of return in a similar business is 10%. Find the…

Accountancy Class 12 General

Puneet and Tarun are in a restaurant business having

28 :- Puneet and Tarun are in a restaurant business having credit balances in their fixed capital accounts as Rs 2,50,000 each. They have credit balances in their current accounts…

Accountancy Class 12 General

A and B were partners in a firm with capitals of Rs 3,00,000

27 :- A and B were partners in a firm with capitals of Rs 3,00,000 and Rs 2,00,000 respectively. The normal rate of return was 20% and the capitalized value…

Accountancy Class 12 General

From the following information, calculate value of goodwill

25 :- From the following information, calculate value of goodwill of the firm by applying Capitalisation methodTotal capital of the firm Rs 16,00,000Normal rate of return 10%Profit for the year Rs…

Accountancy Class 12 General

Question 17 to 21 (Calculation of Average Profit, Normal Rate of Return and Capital Employed)

17 :- On 1st April, 2025, an existing firm had assets of Rs 75,000 including cash of Rs 5,000. Its creditor amounted to Rs 5,000 on that date. The firm had…

Accountancy Class 12 General

Amit and Kartik are partners sharing profits and losses equally

16 :- Amit and Kartik are partners sharing profits and losses equally. They decided to admit Saurabh for an equal share in the profits. For this purpose, the goodwill of…

Accountancy Class 12 General

Average net profit expected in the future by XYZ firm is Rs 36,000

14 :- Average net profit expected in the future by XYZ firm is Rs 36,000 per year. The Average capital employed in the business by the firm is Rs 2,00,000. The normal rate…

Accountancy Class 12 General

Atul and Bipul had a firm in which they had invested Rs 50,000

11 :- Atul and Bipul had a firm in which they had invested Rs 50,000. On average, the profits were Rs 16,000. The normal rate of return in the industry is 15%.…