CBSE Class-12 Accountancy: Questions 168 - 174 of 209

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Question number: 168

» Accounting for Partnership Firms » Goodwill

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Defined goodwill.

Question number: 169

» Accounting for Partnership Firms » Goodwill

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Under what circumstances the premium for goodwill paid by the incoming Partner will not recorded in the book of A/C?

Question number: 170

» Accounting for Partnership Firms » Fixed Versus Fluctuating Capital Accounts

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What do you understand by fluctuating capital of partners?

Question number: 171

» Analysis of Financial Statements » Financial Statements of a Company

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what is meant by Fund Based Accounting?

Question number: 172

» Cash Flow Statement

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X Ltd. made a profit of Rs. 1, 00, 000/- after charging depreciation of Rs. 20, 000/- on assets and a transfer to General Reserve of Rs. 30, 000/-. The Goodwill written off was Rs. 7, 000/- and the gain on sale of machinery was Rs. 3, 000/-. The other information available to you (changes in the value of current assets and current liabilities) is as follows:

At the end of the year Debtors showed an increase of Rs. 6, 000/-, creditors an increase of Rs. 10, 000/-, prepaid expenses an increase of Rs. 200/-, Bills Receivable a decrease of Rs. 3, 000/-, Bills Payable a decrease of Rs. 4, 000/- and outstanding expenses a decrease of Rs. 2, 000/-. Ascertain the cash flow from the operating activities.

Question number: 173

» Accounting for Partnership Firms » Goodwill

One Liner Question▾

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Give formula for calculating goodwill under ‘super profit method’.

Question number: 174

» Accounting for Partnership Firms » Partnership

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What do you understand by ‘partners’, ‘firm’ and ‘firms’ name?

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