Q.1.
How do you calculate profit?
Q.2.
A firms earn ₹ 1,20,as its annual profits.The normal rate of profit being% .Assets of the firm are ₹ 14,40,and liabilities are ₹ 4,40,000.Tick the correct option for goodwill by capitalisation method.
Q.3.
Average profit of firm is ₹ 3,00,000.total tangible assets in the firm are ₹ 28,00,and outside liabilities ₹ 8,00,000.The NRR isof capital employed.calculate goodwill by capitalisation of super profit method.
Q.4.
A boy had a bike for Rs 32,and was sold for Rs 46,. What was the boy's profit ?
Q.5.
A boy had a bike for ₹and was sold for ₹What was the boy's profit?
Q.6.
How many general method(s) of goodwill valuation
Q.7.
Capital Employed=
Q.8.
Goodwill by super profit=
Q.9.
Super profit =
Q.10.
Capital employed in the business is ₹ 2,00,000,Normal rate of return(NRR) on capital employed is% .During the year firm earned a profit of ₹ 48,000.Find the correct option if goodwill is 3 years purchase of super profit.
Q.11.
The profits for the last 3 years were- 1st year-4,,IInd year-6,and IIIrd year-2,000.Select correct option for goodwill on the basis of 3 years purchase of average profit.
Q.12.
Which of the following is/are method(s) of valuation of goodwill ?
Q.13.
What are expenses?
Q.14.
Find out that goodwill which is accounted for as per Accounting Standard 26
Q.15.
Which of the following factor(s) affect goodwill
Q.16.
Nature of goodwill is
Q.17.
Tom helped his uncle move. He spent $for gas for his truck, and $for work gloves. His uncle paid him $for his help. What was Tom's profit?
Q.18.
Evan earned $by doing yard work. His profit was $How much were his expenses?
Q.19.
How much Profit was made?Sell 2 candies forbaht. They cost costs 3 Baht each to buy.
Q.20.
How much Profit was made?Sell Lemonade forbaht a cup. It costsBaht a cup to make.