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The excess amount which the firm can get...

The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called:

A

Surplus

B

Super profits

C

Reserve

D

Goodwill

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Verified by Experts

The correct Answer is:
D
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DK GOEL-CHANGE IN PROFIT SHARING RATIO AMONG THE EXISTING PARTNERS -HOTS
  1. The excess amount which the firm can get on selling its assets over an...

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  2. Which of the following is NOT true in relation to goodwill?

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  3. When Goodwill is not purchased goodwill account can :

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  4. The goodwill of the firm is NOT affected by:

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  5. Capial employed by a partnership firm is Rs.5,00,000. Its average pro...

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  6. Weighted average method of calculating goodwill is used when:

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  7. The profits earned by a business over the last 5 years are as follows:...

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  8. The average profit of a business over the last five years amounted to ...

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  9. Under the capitalisation method the formula for calculating the goodwi...

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  10. The net assets of a firm including fictitious assets of Rs 5,000 are ...

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  11. Total Capial employed in the firm is Rs8,00,000, reasonable rate of re...

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  12. The average capital employed of a firm is Rs 4,00,000 and the normal ...

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  13. A firm earn Rs 1,10,000. The normal rate of return is 10%. The assets...

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  14. Capital invested in a firm is Rs 5,00,000. Normal rte of return is 10%...

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  15. P and Q were partners sharing profits and losses in the ratio of 3:2. ...

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  16. A, B and C partners sharing profits in the ratio of 4:3:2 decided to...

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  17. A, B and C were partners sharing profits and losses in the ratio of 7:...

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  18. P, Q and R were partners in a firm sharing profits in 5:3:2 ratio. The...

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  19. A, B and C are partners in a firm sharing profits in the tatio of 3:4:...

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  20. A, B and C are partner sharing profits in the ratio of 1:2:3. On 1-4-2...

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