Attempt all the problems described below:
problem 1: Describe the journal entries which are passed in the books of the head office to record different transactions relating to the branch, when goods are invoiced at cost.
problem 2: Describe the steps to be taken while computing the interest when the total cash price and installments are provided?
problem 3: Describe the significant methods of valuing goodwill.
problem 4: What would be the treatment of goodwill at the time of retirement or death of a partner, when:
a) Goodwill doesn’t appear in books.
b) Goodwill appears in books.
problem 5: prepare short notes on the given terms:
a) Share Capital.
b) Redemption of Debentures.
d) Flow of Funds.