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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.
c) Dividend.
d) Flow of Funds.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92246

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