While calculating Goodwill under super profit method, the sequence followed is :

(A) Calculation of Super profit

(B) Calculation of Capital Employed

(C) Calculation of Normal profit

(D) Calculation of Average profit

(E) Calculation of Goodwill

Choose the correct answer from the options given below :

The amount of salary to be shown in the Dr. side of P & L Appropriation A/C will be:

For the right to acquire share in the assets and profits of the partnership firm, the new partner brings:

Revaluation Account is :-

Abhiram and Ragini are partners sharing profits in the ratio of 3:2. They admit Arun a new partner for 1/5th share in the future profits of the firm which he gets equally from Abhiram and Ragini. Calculate the new profit sharing ratio of Abhiram, Ragini and Arun.

Arrange Steps For Capitalisation of Super Profits:

(A) Calculate average profit for the past years, as specified.

(B) Calculate the capital of the firm.

(C) Calculate normal profits on capital employed.

(D) Multiply the super profits with the required rate of return multiplier

(E) Calculate super profits by deducting normal profits from average profits.

Choose the correct answer from the options given below:

C will withdraw the capital amount after capital are adjusted in the ratio of their respective shares in profits. The amount is: