________ method, goodwill is the excess of capitalised value of average profit of the business over the actual capital employed in the business.

(a)

Capitalisation

(b)

Super profit

(c)

Weighted average profit

(d)

Annuity

Goodwill is _________.

(a)

an intangible asset

(b)

a fixed asset

(c)

realisable

(d)

all of the above

Capital employed at the end the year is Rs. 74,20,000 profit earned Rs. 20,000. Average capital employed is__________.

(a)

Rs. 4,20,000

(b)

Rs. 4,60,000

(c)

Rs. 4,40,000

(d)

Rs. 4,00,000

Goodwill has _________Value

(a)

realisable

(b)

fictitious

(c)

both

(d)

none of these

Net asset value method is based on the assumption that the company is__________.

(a)

a going concern

(b)

going to be liquidated

(c)

both 'a' and 'b'

(d)

none of the above