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ORDER BY `video_id` desc 12th Standard Accounts Goodwill In Partnership Accounts English Medium Free Online Test One Mark Questions 2020 - 2021 12th Standard
Accountancy Answer all the questions Which of the following statements is true? Goodwill is an intangible asset Goodwill is a current asset Goodwill is a fictitious asset Goodwill cannot be acquired The average rate of return of similar concerns is considered as Average profit Normal rate of return Expected rate of return None of these Book profit of 2017 is Rs. 35,000; non-recurring income included in the profit is Rs. 1,000 and abnormal loss charged in the year 2017 was Rs. 2,000, then the adjusted profit is __________ Rs. 36,000 Rs. 35,000 Rs. 38,000 Rs. 34,000 The monetary value of such advantage is termed as ____________ Goodwill Bank overdraft Capital Cash The profit earning capacity of the firm determines the value of its _____________ balance sheet goodwill profit and loss account all of these Which of the following method, goodwill is calculated by multiplying the weighted average profit? Super profit method Annuity Weighted average profit method All of these Normal profit is ___________ average profit earned profit earned by similar companies in the same industry both 'a' and 'b' none of the above Rate of interest is 11% and the rate of risk is 9% The normal rate of return is __________ 11% 9% 20% 2% __________ method, goodwill is calculated as certain years of purchase of average profits of the past few years. Simple average method Average profit method Super profit method Annuity method While calculating capital employed _________. Tangible trading assets should be considered Intangible assets should be considered Fictitious assets should be considered None of the above
12th Standard Accounts Goodwill In Partnership Accounts English Medium Free Online Test One Mark Questions 2020 - 2021
Question Bank Software Nov-06 , 2020
12th Standard Accounts Goodwill In Partnership Accounts English Medium Free Online Test One Mark Questions 2020 - 2021
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