Arrange the following steps to calculate value of Goodwill by capitalization method of super profit in a proper sequence. A. Calculate normal profit on capital employed B. Actual Profits - Normal Profits = Super Profit C. super\ profit x 100/Normal\ rate\ of\ returns D. Calculate actual profits on capital employed Choose the correct answer from the given options

Question

Option 1: B, C, D, A

Option 2: A, C, D, B

Option 3: A, B, C, D

Option 4: A, D, B, C

AfterBoards · Accepted Answer

The answer is 'A, D, B, C'. View full solution:

List - I	List - II
(A) Increase in Furniture Value	(I) Credit side of Partner's Capital A/c
(B) Depreciation on Machinery	(II) Debit side of Partner's Capital A/c
(C) General Reserve	(III) Credit side of Revaluation A/c
(D) Goodwill appearing in Books	(IV) Debit side of Revaluation A/c

CUET Accountancy 2022 16 July Shift 2 PYQs

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