1. Explain the journal entries that are passed in the books of the head office to record various transactions relating to the branch, when goods are invoiced at cost. (20)
2. Explain the steps to be taken while calculating the interest when the total cash price and installments are given? (20)
3. Explain the important methods of valuing goodwill. (20)
4. What would be the treatment of goodwill at the time of retirement or death of a partner, when –
(a) Goodwill does not appear in books
(b) Goodwill appears in books (10, 10)
5. Write short notes on the following:
(a) Share Capital
(b) Redemption of Debentures
(c) Dividend
(d) Flow of Funds (4 × 5)
Recent Comments