Friday 22 January 2021

CH 14 - Goodwill

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(14) Goodwill

 

Very Short Answers Questions

 

1. How does factor quality of product affect the goodwill of a firm?

2. How does market situation affect the value of goodwill?

3. How does location affect the goodwill of a fever?

4. How does the nature of business affect the value of goodwill?

5. Give any two features of Goodwill.

6. Write any two method of Goodwill.

7. …………….. - Normal Profit=Super Profit

8. Goodwill is a fictitious Assets. True/False.

9. Goodwill is a…..Assets.

10. Goodwill is salable Assets. True/False.

11. Normal Profit-Actual Profit=Super Profit. True/False.

12. Goodwill is an……….Assets, but not a…… Assets.

13. Super Profit is Excess of……over the normal profits.

14. Goodwill=Super Profit=100  

                                                   ……..

15. Tangible Trading Assets- Trading liabilities=……..

16. Goodwill is an intangible Assets. True/False.

17. What is meant by Super Profit?

18. What is Goodwill?

19. Goodwill is not affected by: (a) Location of the fir.

 (b) Revaluation of the firm (c) Better customers (d) Not

 20. Goodwill is current Assets. (True/False)

21. Goodwill= capitalized value of AV Profit__.......

22. Goodwill is not a valuable Assets. (True/False)

23. Match the following items:

(I)

Old Ratio-New Ratio

a

Gaining Ratio

(II)

Goodwill

b

Fixed Assets

(III)

General Reserve

c

Credit Balance