1. The profits earned by a business over the last 5 years are ₹ 12,000; ₹13,000; ₹14,000; ₹18,000; and ₹2,000 (loss). Based on 2 years purchase of the last 5 years profits, value of goodwill will be
2. A and B are partners in a firm sharing profit and losses 2: 3. With effect from 1st April, 2022, they decided to share profits and loss equally. What will be B's gain/sacrifice?
3. Asha and Nisha are partners' sharing profit in the ratio of 2: 1. Asha's son Ashish was admitted for 1/4 share of which 1/8 was gifted by Asha to her son. The remaining was contribited by Nisha. Goodwill of the firm is valued at ₹ 40,000. How much of the goodwill be credited to the old partners' capital account?
4. Firewall agreed to pay purchase consideration of ₹1,30,000 by issuing fully paid-up debentures of ₹100 at ₹120. How many debentures will be issued?
5. Staff welfare expenses are included in
6. If net revenue from operations is ` 1,20,000, cost of revenue from operations is 40,000 and operating expenses are 20,000, what will be the percentage of operating income on net revenue from operations?
7. ABC Ltd. is a financial company which provides loan and invest into shares. At the year end, company received ₹50,000 interest on loan. Where will be the amount of interest presented?
8. Mention the net amount of source or use of cash when a fixed asset (having book value ₹1,20,000) is sold at a loss of ₹40,000 in term of cash flow.
9. For a complete view of data which is stored across various tables, the user is required to
10. In which method the amount of depreciation remains fixed over the life of the asset?