What is meant by Super Profits? Post category:Accountancy Reading time:1 mins read SOLUTION Super Profit is the excess of actual average profits over normal profits. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName any two factors affecting goodwill of a partnership firm. Next PostHow the goodwill is valued under the super profit’s method? You Might Also Like Prepare Cash Flow Statement from the following Balance Sheet: August 18, 2022 X and Y shared profits in the ratio of 3: 1. They admit Z to one-third share in the future profits. What will be the new profit-sharing ratio? September 26, 2022 Khushi, Surekha and Vipasa were partners sharing profits and losses in 3: 2: 1. Khushi retired and, on this day, an unrecorded liability of Rs. 1,50,000 was found in the books. Khushi was of the opinion that since she has retired she should not be debited for her share of the liability. Surekha and Vipasa convinced Khushi that unrecorded liability has to be borne by all of them to which Khushi agreed. What argument must have been put forward by Surekha and Vipasa which convinced Khushi? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y shared profits in the ratio of 3: 1. They admit Z to one-third share in the future profits. What will be the new profit-sharing ratio? September 26, 2022
Khushi, Surekha and Vipasa were partners sharing profits and losses in 3: 2: 1. Khushi retired and, on this day, an unrecorded liability of Rs. 1,50,000 was found in the books. Khushi was of the opinion that since she has retired she should not be debited for her share of the liability. Surekha and Vipasa convinced Khushi that unrecorded liability has to be borne by all of them to which Khushi agreed. What argument must have been put forward by Surekha and Vipasa which convinced Khushi? September 27, 2022