Question 12 to 16 (Accounting of Reserves, Accumulated Profits and Losses)
12 :- Nitya and Anand are partners in a firm sharing profits and losses equally. With effect from 1st April 2025, they decided to share future profits in the ratio…
Question 6 to 10 (Accounting of goodwill)
6 :- Asha, Nisha, and Disha shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April 2025, they agreed to share…
Question 1 to 4 (Sacrificing and Gaining share)
1 :- Om and Shyam are sharing profits and losses equally. With effect from 1st April 2025, they agree to share profits in the ratio of 4:3. Calculate individual partner’s gain…
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Question 33 to 38 (Capitalisation of super profit)
33 :- Average profit of a firm during the last few years is Rs 1,50,000. In similar business, the normal rate of return is 10% of the capital employed. Calculate…
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Question 29 to 32 (Capitalisation Method)
29 :- From the following particulars, calculate the value of goodwill of a firm by Capitalisation of average profit method :- (i) Profits of last five consecutive years ending 31st march are :-2025 –…
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Question 25 to 28 (Capitalisation Method)
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…
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Question 22 to 24 (Super Profit Method when Past Adjustments are Made)
22 :- Average profit earned by a firm is Rs 1,00,000 which includes undervaluation of stock of Rs 40,000 on an average basis. The capital invested in a business is…
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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…
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Question 10 to 16 (Super Profit Method)
10 :- The Capital of the firm of Anuj and Benu is Rs 10,00,000 and the market rate of interest is 15%. The annual salary of the partners is Rs 60,000 each.…
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Question 8 to 9 (Weighted Average Profit Method)
8 :- Profits of a firm for the year ended 31st March for the last five years were Calculate the value of goodwill on the basis of three years’ purchase…