How does the factor " efficiency of management" affect the goodwill of the firm ?

How does the factor " quality of product " affect the goodwill of the firm ?

How does the market situation affect the value of goodwill of a firm ?

State the nature of business afftect the value of goodwill of a firm ?

What are super profits ?

What is meant by ' average profit ' ?

D, E and F were partners in a firm sharing profits in the ratio of 5 : 7 : 8.  Their fixed capitals were D Rs. 5,00,000, E Rs. 7,00,000. and F Rs. 8,00,000.  Their partnership deed provided for the following :
(i) Interest on capital @ 10% p.a
(ii) Salary of Rs, 10,000 per month of F.
(iii) Interest on drawings @ 12% p.a.
D withdrew Rs. 40,000 on 31st January, 2009; E withdrew Rs.  50,000 on 31st March, 2009 and F withdrew Rs. 30,000 on 31st December, 2009.
During the year ended on 31st December, 2009 the firm earned a profit of Rs. 3,50,000.
Prepare the Profit and Loss Appropriation Account for the year ended 31st December, 2009.

A, B and C were partners in a firm having capitals of Rs. 60,000; Rs. 60,000 and Rs. 80,000 respectively.  Their Current Account balances were A : Rs, 10,000; B : Rs 5,000 and C : Rs, 2,000 (Dr.). According to the partnership deed the partners were entitled to interest on capital @ 50% p.a. C being the working partner was also entitled to a salary of Rs. 6,000 p.a.
The profits were to be divided as follows:
(a) The first Rs. 20,000 in proportion to their capitals.
(b) Next Rs. 30,000 in the ratio of 5 : 3 : 2.
(c) Remaining profits to be shared equally.
The firm made a profit of Rs. 1,56,000 before charging any of the above items.  Prepare the Profit & Loss Appropriation Account and pass necessary journal entry for appropriation of profit.

Arun and Arora were partners in a firm sharing profits in the ratio of 5 : 3.  Their fixed capitals as on 1.4.2010 were : Arun Rs. 60,000 and Arora Rs. 80,000.  They agreed to allow interest on capital @ 12% p.a. and to charge on drawings @ 15% p.a.  The profit of the firm for the year ended 31.3.2011 before all above adjustment were Rs. 12,600.  The drawings made by Arun were Rs. 2,000 and by Arora Rs. 4,000 during the year.  Prepare Profit and Loss Appropriation Account  of Arun and Arora.  Show your calculations clearly.  The interest on capital will b allowed  even if the firm incurs loss.

Raj and Sameer are partners sharing profits equally.Raj withdrew regularly Rs 8000 at the end of every month for six months ended 30th September 2017. Calculate interest on drawings @ 5% per annum.

Calculate interest on drawings of Mr.Ghai @ 10% per annum for the year ended 31st March 2018, in each of the following alternative cases
Case I If he Withdrew Rs.15,000 in the beginning of each quarter.
Case II If he Withdrew Rs.15,000 at the end of each quarter.
Case III If he Withdrew Rs.15,000 during the middle of each quarter.

harish is a partner in a firm.He withdrew the following amounts during the year 2017

Interest on drawings to be charged @7\(1\over 2\)% per annum.Calculate the amount of interest to be charged on Harish's drawing for the Year ending 31st December, 2017 
(i) Simple method and
(ii) Product method.