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Q. Computer Accounting System is used for recording the financial transaction. Sol:

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Q. A firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liabilities to ₹1,00,000. Value of goodwill by the capitalization of average actual profit will be Sol:

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Q. The components of Computerised Accounting System are : Sol:

Q. Which of the following factors are primarily considered to determine the economic life of an asset?

Q. The Liability of the members of a limited company is…