CA Foundation Exam > CA Foundation Questions > Goodwill is to be calculated at one and half ...
Start Learning for Free
Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:
- a)Rs. 12,000
- b)Rs. 10,000
- c)Rs. 15,000
- d)None
Correct answer is option 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Goodwill is to be calculated at one and half years purchase of average...
Most Upvoted Answer
Goodwill is to be calculated at one and half years purchase of average...
Calculation of Goodwill:
- Goodwill = 1.5 x Average Profit of last 5 years
- Average Profit of last 5 years = (20,000 + 18,000 + 9,000 - 2,000 - 5,000) / 5
= 40,000 / 5
= 8,000
- Goodwill = 1.5 x 8,000
= 12,000
Therefore, the Goodwill amount is Rs. 12,000.
- Goodwill = 1.5 x Average Profit of last 5 years
- Average Profit of last 5 years = (20,000 + 18,000 + 9,000 - 2,000 - 5,000) / 5
= 40,000 / 5
= 8,000
- Goodwill = 1.5 x 8,000
= 12,000
Therefore, the Goodwill amount is Rs. 12,000.
Free Test
FREE
| Start Free Test |
Community Answer
Goodwill is to be calculated at one and half years purchase of average...
P to whom 100 shares of Rs. 10 each were allotted at par paid the application money of Rs. 2 and allotment money of Rs. 4 per share. He did not pay the call money of Rs. 4 per share. His shares were forfeited. The amount to be credited to Share forfeiture account is: *
Rs. 400
Rs. 1000
Rs. 600
None of the Above
Rs. 400
Rs. 1000
Rs. 600
None of the Above
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer?
Question Description
Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer?.
Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Goodwill is to be calculated at one and half years purchase of average profit of last 5 years. The firm earned profits during first 3 years as, Rs. 20,000, Rs. 18,000 and Rs. 9,000 and suffered losses of Rs. 2,000 and 5,000 in last 2 years. Goodwill amount will be:a)Rs. 12,000b)Rs. 10,000c)Rs. 15,000d)NoneCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup