How does the factor ‘Efficiency of Management’ affect the goodwill of firm? Post category:Accountancy Reading time:1 mins read SOLUTION If the manager is capable and competent, the firm will earn high profits which will increase the value of goodwill. 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 PostHow does the factor ‘Location’ affect the goodwill of a firm? Next PostHow does the factor ‘quality of product’ affect the goodwill of a firm? You Might Also Like X, Y and Z are equal partners with capitals of Rs. 1,500; Rs. 1,750 and Rs. 2,000 respectively. They agree to admit W into equal partnership upon payment in cash Rs. 1,500 for 1/4th share of the goodwill and Rs. 1,800 as his capital, both sums to remain in the business. The liabilities of the old firm amounted to Rs. 3,000 and the assets, apart from cash, consist of Motors Rs. 1,200, Furniture Rs. 400, Stock Rs. 2,650 and Debtors Rs. 3,780. The Motors and Furniture were revalued at Rs. 950 and Rs. 380 respectively. Pass Journal entries to give effect to the above arrangement and also show Balance Sheet of the new firm. August 1, 2022 Trade Payables Rs. 50,000, Working Capital Rs. 9,00,000, Current Liabilities Rs. 3,00,000. Calculate Current Ratio. August 10, 2022 There are two partners X and Y in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The Creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will X and Y receive? July 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, Y and Z are equal partners with capitals of Rs. 1,500; Rs. 1,750 and Rs. 2,000 respectively. They agree to admit W into equal partnership upon payment in cash Rs. 1,500 for 1/4th share of the goodwill and Rs. 1,800 as his capital, both sums to remain in the business. The liabilities of the old firm amounted to Rs. 3,000 and the assets, apart from cash, consist of Motors Rs. 1,200, Furniture Rs. 400, Stock Rs. 2,650 and Debtors Rs. 3,780. The Motors and Furniture were revalued at Rs. 950 and Rs. 380 respectively. Pass Journal entries to give effect to the above arrangement and also show Balance Sheet of the new firm. August 1, 2022
Trade Payables Rs. 50,000, Working Capital Rs. 9,00,000, Current Liabilities Rs. 3,00,000. Calculate Current Ratio. August 10, 2022
There are two partners X and Y in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The Creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will X and Y receive? July 26, 2022