1.
When goodwill is not purchased, goodwill account can:
1 out of 10
2.
Weighted average method of calculating goodwill be used:
2 out of 10
3.
Goodwill is not accounted in the books if
3 out of 10
4.
The Formula for Capitalisation of Super Profit Method is:
4 out of 10
5.
Which of the following is not true in relation to Goodwill?
5 out of 10
6.
Capital employed by a firm is ₹ 5,00,000. Its average profit is ₹ 60,000. The normal rate of return in similar type of business is 10%. The amount of super profits is
6 out of 10
8.
Weighted average Profit method of calculating Goodwill is used
8 out of 10
9.
Following factors affect value of Goodwill except
9 out of 10
10.
Goodwill is valued at the time of
10 out of 10