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12th Standard English Medium Accountancy Subject Goodwill In Partnership Accounts Creative 2 Mark Questions with Solution Part - I Question Bank Software Jun-21 , 2021

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12th Standard English Medium Accountancy Subject Goodwill In Partnership Accounts Creative 2 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Goodwill In Partnership Accounts Creative 2 Mark Questions with Solution Part - I

12th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  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?

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