Home12th accountancy Online Test 12th Accountancy Chapter 4 Online Test | Goodwill in Partnership Accounts byPallisalai •September 03, 2022 • 2 min read 0 12th Accountancy Chapter 4 Online Test | Goodwill in Partnership Accounts12th Accountancy All Chapter Online Test Both Tamil medium and English Medium Available our samacheer guide online website .Chapter 2 Goodwill in Partnership Accounts- Online Test 1➤ Which of the following statements is true?(a) Goodwill is an intangible assetb) Goodwill is a current asset(c) Goodwill is a fictitious asset(d) Goodwill2➤ Super profit is the difference between ………………..(a) Capital employed and average profit(b) Assets and liabilities(c) Average profit and normal profit(d) Current year’s profit and average profit3➤ The average rate of return of similar concerns is considered as ………………..(a) Average profit(b) Normal rate of return(c) Expected rate of return(d) None of these4➤ Which of the following is true?(a) Super profit = Total profit / number of years(b) Super profit = Weighted profit / number of years(c) Super profit = Average profit – Normal profit(d) Super profit = Average profit x Years of purchase5➤ Identify the incorrect pair ………………..(a) Goodwill under Average profit method – Average profit x Number of years of purchase(b) Goodwill under Super profit method – Super profit x Number of years of purchase(b) Goodwill under Super profit method – Super profit x Number of years of purchase(d) Goodwill under Weighted average profit method – Weighted average profit x Number of years of purchase 6➤ When the average profit is ₹ 25,000 and the normal profit is ₹ 15,000, super profit is ………………..(a) ₹ 25,000 (b) ₹ 5,000 (c) ₹ 10,000 (d) ₹ 15,0007➤ Book profit of 2017 is ₹ 35,000; non – recurring income included in the profit is ₹ 1,000 and abnormal loss charged in the year 2017 was ₹ 2,000, then the adjusted profit is ………………..(a) ₹ 36,000 (b) ₹ 35,000 (c) ₹ 38,000 (d) ₹ 34,0008➤ The total capitalised value of a business is ₹ 1,00,000; assets are ₹ 1,50,000 and liabilities are ₹ 80,000. The value of goodwill as per the capitalisation method will be ………………..(a) ₹ 40,000 (b) ₹ 70,000 (c) ₹ 1,00,000 (d) ₹ 30,0009➤ Goodwill is valued under ……………… (a) Average profit method (b) Super profit method (c) Capitalisation method (d) All of these10➤ Average profit method can be further divided ………………(a) Simple average profit(b) Weighted average profit(c) Both (a) and (b)d) None of these11➤ Super profit is (a) Average profit – Normal profit (b) Normal profit – Average profit (c) Both (a) and (b) (d) None of these12➤ Kinds of goodwill ………………(a) Purchased goodwill(b) Self – generated goodwill(c) None of these(d) Both (a) and (b)13➤ Nature of goodwill is ………………(a) Reputation of business firmb) Profit of firm(c) total asset of firm(d) None of these SubmitYour score is Tags: 12th accountancy Online Test 4.94 / 169 rates Facebook Tweet CopyLink Copied Share