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Any change in the relationship of existing partners which results in an end of the existing agreement and enforces making of new· agreement is called:
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The ratio in which a partner surrenders his share in favour of a partner is known as:
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Reserves and accumulated profits are transferred to partners ' capital accounts at the time of reconstitution in......... ratio.
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……..should compensate …………..in the case of reconstitution of the firm.
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Goodwill of the firm on the basis of 2 years' purchase of average profit of the last 3 years is Rs. 25,000. Find average profit.
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he net assets of the firm including fictitious assets of 5,000 are 85,000.The net liabilities of the firm are 30,000.The normal rate of return is 10% and the average profits of the firm are 8,000.Calculate the goodwill as per capitalization of super profits.
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Under which method of valuation of goodwill, normal rate of return is not considered?
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When the value of goodwill of the firm is not given but has to be inferred on the basis of the net worth of the firm ,it is called……………..
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If Super profit of a firm is 10,000,its value of goodwill will be ………….if rate of return is 8%
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Goodwill is not valued during ………….