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Average profit of the firm is …

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Average profit of the firm is 1,50,000 total tangeible assets in firm are 1,40,000 and outstanding liabilities 4,00,000 normal rate of return is 10%of capital employeed calculate goodwill by capitalization of super profit

    • Posted by Anita Jha 6 years, 3 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    D J 6 years, 3 months ago

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    • Posted by Annu Sahani 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    B and C are partner sharing profit in the ratio 3 2. Goodwill appears in the book at Rs3000 DIs admitted into partnership on payment of 2000 for 1/4, share as goodwill .B and C between themselves.Sharing future profit and loses equally given journal.

    • Posted by Palak Sharma 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    Q. 120. Risha and Nisha were partners. The partnership deed provides: (1) That the accounts be balanced on 31st December each year. (ii) The profits be divided as follows: Risha one-half, Nisha one-third and carried to Reserve account one-sixth. (ii) That in the event of death of a partner, her executor will be entitled to the following: (a) The capital to her credit at the date of death. (b) Her proportion of profit to date of death based on the average profits of the last three completed years. (c) Her share of goodwill based on three year's purchase of the average profits for the three preceding completed years. On 31st December, 2020 the Trial Balance was as under: Particulars Risha's Capital Nisha's Capital Reserves Bills Receivables Investments Cash Creditors Dr. (3) Cr. (3) 90,000 60,000 30,000 50,000 40,000 1,10,000 20,000 2,00,000 2,00,000 The profits for the three years were: 2018 ₹4,200; 2019 ₹3,900 and 2020 ₹4,500. Nisha died on 31st May, 2021. Draw up the deceased Partner's Capital A/c and Executor's A/c. Ans. Balance due to Nisha's Executor's ₹77,740.]

    • Posted by Srishti Arya 1 year, 2 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Tanishk Kabra 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    Gita Radha and Garv are partner sharing prophets in the ratio of 1 by 2 2 by 5 and 1 by 10 find the new profit sharing ratio of the remaining partners if girl retires

    • Posted by Mahi . 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Palak Kumari 3 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Munni Lal 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Mohd Aman Mansoori 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Shashank Shukla 1 year, 4 months ago

    CBSE > Class 12 > Accountancy
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