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Category MCQs (Goodwill)

MCQs (Goodwill) 30 Questions

0 Votes 1 Ans

Raj & Associates is a partnership firm. Ajay is admitted as a partner. Its Goodwill is to be valued by Average Profit Method. The average profit for the past 5 years is ₹ 1,50,000, and Goodwill is being valued at 3 years’ purchase of average profit, the value of Goodwill of the firm will be:

3.11K viewsAnurag Pathak Changed status to publish April 16, 2023Accountancy Class 12th Goodwill MCQs (Goodwill)

0 Votes 1 Ans

Capital Employed by a partnership firm is ₹ 5,00,000. Its average profit is ₹ 60,000. The normal rate of return is similar type of business is 10%. The amount of super profit is

2.88K viewsAnurag Pathak Changed status to publish April 16, 2023Accountancy Class 12th Goodwill MCQs (Goodwill)

0 Votes 1 Ans

The term ‘Number of Years’ Purchase means:

1.32K viewsAnurag Pathak Changed status to publish April 16, 2023Accountancy Class 12th Goodwill MCQs (Goodwill)

0 Votes 1 Ans

The excess amount that a firm gets over and above the market value of assets at the time of sale of its business is:

1.13K viewsAnurag Pathak Changed status to publish April 16, 2023Accountancy Class 12th Goodwill MCQs (Goodwill)

0 Votes 1 Ans

Which of the following statement is correct?

884 viewsAnurag Pathak Changed status to publish April 16, 2023Accountancy Class 12th Goodwill MCQs (Goodwill)

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