Accounting - Study Mode
[#121] Average profit of a firm is Rs. 40,000, Its total assets amounted to Rs. 4,00,000 and its liabilities to Rs. 1,00,000. If return is similar of same firm is 10% on capital employed, what will be the value of goodwill of this firm:
Correct Answer
(C) Rs. 1,00,000
[#122] When working capital is Rs. 60,000 and current ratio is 3 : 1 the current liabilities will be:
Correct Answer
(A) Rs. 30,000
[#123] Capital is equal to:
Correct Answer
(C) Total assets - Total external liabilities
[#124] Credit sales of business assets are recorded in
Correct Answer
(B) Journal proper
[#125] Identify, which of the following partnership's characteristic is a disadvantage?
Correct Answer
(D) None of the above