Group 2 accounts

Page no : 3

Aditi agarwal (Ms) (22 Points)
Replied 10 November 2015

Underwriting was included in unmarked applications.

Amani Goel (student) (27 Points)
Replied 11 November 2015

What was the total liability of underwriters ??

Rino Abraham (student) (28 Points)
Replied 11 November 2015

Can you solve that branch question using trading and p/l method??

Aditi agarwal (Ms) (22 Points)
Replied 11 November 2015

I have done dat branch question by debtors method �

Kartik parekh (Tutor) (84 Points)
Replied 11 November 2015

Branch Profit ₹ 33,600



Kartik parekh (Tutor) (84 Points)
Replied 11 November 2015

Question 2) Goodwill was ₹ 18,000,

Fixed Capital 80,000*17.5%=20,000

(-) Normal Profit 14,000

Super Profit 6,000

Goodwill = super profit * No of years of purchase

= 6,000 * 3

= 18,000


SUSHANT KUMAR (Employed) (258 Points)
Replied 11 November 2015

goodwill amount Rs. 18000/-

Trinadharao Adigarla (Tax Consultant & Lecturer)   (1086 Points)
Replied 11 November 2015

Q.No.1(C ) AnswerRs.10,000/-

and

Remaing Answaers of Paper No.5 of IPCC- Seend very soon .

May be today night or tomorrow

 


Trinadharao Adigarla (Tax Consultant & Lecturer)   (1086 Points)
Replied 11 November 2015

correct of KSP GOODWILL ANSWER


mizbah khan (student IPCC) (98 Points)
Replied 11 November 2015

Branch Profit Rs. 33,600/-


sukruthi (student) (22 Points)
Replied 13 November 2015

Doubl tax refund to be added with income!


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