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Accountancy - Goodwill In Partnership Accounts 2 Mark Book Back Question Paper With Answer Key

12th Standard

    Reg.No. :
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Accountancy

Time : 01:00:00 Hrs
Total Marks : 26

    2 Marks

    13 x 2 = 26
  1. What is Annuity?

  2. What is meant by number of years purchase at the time of valuation of goodwill?

  3. Why is goodwill considered as an intangible asset but not a fictitious assets?

  4. How does the factor's 'quality of product' affect the goodwill of a firm?

  5. How does the 'market situation' affect the value of goodwill of a firm?

  6. Why is ''goodlwill" consiclered an "Intangible asset" but not a fictious asset'.

  7. How does the nature of a business affect the value of goodwill of a firm?

  8. How dloes "efficiency of management" affect the goodwill of a firrn?

  9. Give the forrnula of good lwill by Capitalisation of Average profit.

  10. Can Goodwill be sold separately like other tangible assets?

  11. How does the market situation affect the value of Good will?

  12. I and K partners capital Rs. 3,00,000 and Rs. 1,00,000 they earned profits ? Rs. 50,000.  Assuming normal rate of return @ 20% Calculate the value of Goodwill.

  13. What is self - generated good wlil?

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