CUET Accountancy - Arrange the steps in the correct sequence while calculating goodwill by capitalization of average profit method: (A) Ascertain the actual firm's capital (net assets) (B) Compute the value of goodwill (C) compute the capitalized value of the average profits (D) Ascertain the average profits Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 4 June Shift 2

Partnership

Medium

common

(A), (B), (C), (D)

(D), (A), (C), (B)

(B), (A), (D), (C)

(D), (C), (A), (B)

✅ Correct Option: 2,4

Related questions:

27 May Shift 2

The profit for the five years of a firm are as follows:

Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profits.

16 May Shift 1

Under which method No. of Year's Purchase are not considered

14 May Shift 1

Excess value of net assets over purchase consideration at the time of purchase of business is credited to

CUET Accountancy 2025 4 June Shift 2 PYQs