The profits of firm for the five years are as follows: Year | Profit (Rs.) 2012-13 | 20,000 2013-14 | 24,000 2014-15 | 20,000 2015-16 | 20,000 2016-17 | 16,000 Calculate the value of goodwill on the basis of three years' purchase of average profits.

Which of the following statements are true: (A) Dissolution of a partnership is different from dissolution of a firm. (B) A partnership is dissolved when there is a death of a partner. (C) A firm is dissolved when all partners give consent to it. (D) A firm is compulsorily dissol…

Which of the following is not always an essential feature of partnership?

Match the following List-I | List-II (A) Debenture of Rs 100 issued at Rs 110. | (I) Debenture as collateral security. (B) Debenture of Rs 100 issued at Rs 100. | (II) Debenture issued at Premium (C) Debenture of Rs 100 issued at Rs 90. | (III) Debenture issued at par. (D) Debent…

Which of the following is not an operating activity?

An annual report is issued by a company to its

Match List-I with List-II List-I | List-II (A) Dissolution of firm by agreement | (I) When a partner becomes insane (B) Compulsory dissolution of firm | (II) With the consent of all partners (C) Dissolution of firm by notice | (III) When business of a firm becomes illegal (D) Dis…

Identify the false statement with regard to a company:

The ___________ ratios are primarily measures of return-