Which goodwill is recorded in the books of Accounts Sol:

Related MCQs

• When there is no Goodwill Account in the books and goodwill is raised,…………….account will be debited Sol:
• If any transaction is not recorded in the primary books the same is recorded in _______
• P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited.
• Goodwill is nothing more than probability that the old customer will resort to the old place. This definition of goodwill was given by:
• Goodwill is to be calculated at one and half year’ purchase of average profit of last 5 years. The firm earned profits during 3 years as ₹ 20,000 ₹ 18,000 and ₹ 9,000 and suffered losses of ₹ 2,000 and ₹5,000 in last 2 years. The amount of goodwill will be
• Which methods of valuation of Goodwill Sol:
• Which factor affecting th value of Goodwill Sol:
• Which methods of valuation of Goodwill Sol:
• Goodwill is defined as Sol:
• A firm’s goodwill is not affected by Sol: