Account class 12 Goodwill ; Nature And Valuation

1. Goodwill is ;

2. Goodwill is valued ;

3. As per Accounting standard 26,

4. Which of the following factors decreases the value of goodwill ?

5. Which of the following is not a method of valuing goodwill ?

6. Super profit means ;

7. Purchased goodwill arises at the time of ;

8. Normal profit is calculated to value goodwill

9. Which of the following statement is correct ?

10. The excess amount which the firm gets on selling its business over and above the net value is ;

11. Which of the following is not true in relation to goodwill ?

12. When goodwill is not purchased, goodwill can ;

13. Goodwill of the firm is not affected by

14. Weighted average profit method of calculating goodwill is used when ;

15. Under the capitalization of super profit, the formula for calculating the goodwill is ;

16. Under the capitalization of super profit, the formula for calculating the goodwill is ;

17. Efficiency of management does not effect the goodwill of business.

18. Purchased goodwill may arise on acquisition of an existing business firm.

19. Goodwill can be defined as the present value of anticipated profits.

20. Self generated goodwill is recorded in the books of account as some consideration is paid for it.

21. Under capitalization of super profit method, goodwill is ascertained by capitalizing the super profit on the basis of normal rate of return.