Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:

Ram Sharma • 193.84K Points
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Q. Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:

(A) rs. 30000

(B) rs. 7500

(D) rs. 120000

Correct Answer - Option(B)

Discusssion

Q. The excess price received over the par value of shares, should be credited __________.

Q. Shareholders get:

Q. ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.

Q. Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:

Q. At the time of admission an incoming partner contributes as goodwill:

Q. Forfeited shares to become ________

Q. Value of goods withdrawn by the proprietor for his personal use should be credited to ____

Q. Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:

Q. Forfeiture of shares results in compulsory termination of ______ due to non-payment of allotment/call money

Q. Capital A/c is a _______ A/c.

Q. Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:

Discusssion

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