Q.No 17, 18, 19, 20, 21 & 22 | Goodwill: Super Profit Method | Class 12th | TS Grewal Solutions
Channel: Jitendra Singh Jat
Date: 2021-01-27

Goodwill: Super Profit Method | Q.No 17, 18, 19, 20, 21 & 22 | Class 12th | TS Grewal Solutions 2020-21
Valuation of Goodwill
The capital of the firm of Anuj and Benu is Rs.10,00,000.
Gupta and Bose had a firm in which they had invested Rs.50,000.
The total capital of the firm of Sakshi, Mehak and Megha is Rs.1,00,000.
Rakesh and Ashok earned profit of Rs.5,000.
Average net profit expected in future by XYZ firm is Rs.36,000 per year.

In this channel especially following topics will be covered:
Fundamental of Partnership Accounting: (Change in Profit Sharing Ratio, Admission of a Partner, Retirement of a Partner, Death of a Partner and Dissolution of Partnership)
Profit & Loss Account, Profit & Loss adjustment Account, Profit & Loss Appropriation Account, Partner’s Capital Account, Past Adjustments, Guarantee of Profit, Interest on Capital, Interest on drawings and Journal Entries. Revaluation Account, Treatment of Goodwill, Reserves and Accumulated Profits, Realisation Account and Partner’s Loan Account. 
Company Accounts: Accounting for Share Capital and Accounting for Debentures
Not for Profit Organizations: Receipt and Payment Account, Income and Expenditure Account, Subscription Account and Balance Sheet.



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9. Cash Flow Statement: https://www.youtube.com/playlist?list...

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