Weighted Average Profit Method is the method of computing goodwill, where value of Goodwill is equal to the (Weighted Average Profit X Number of year’s purchase). Weighted
Methods of Valuation of Goodwill Methods of Valuation of Goodwill, which  are most commonly used are as under : – (i) Average profit method of
Types of Goodwill There are two types of goodwill, purchase goodwill and self generated goodwill. The definition of these two are discussed as under :
Factors affecting Goodwill Factors affecting Goodwill can be internal factors, which are within the company, or external factors, which are a part of the economic environment in which the
Goodwill Meaning – Goodwill Meaning, in general terms is the positive reputation of the firm, which enables it to achieve higher profitability, against its competitors,
Goodwill is the positive reputation of the firm, which enables it to achieve higher profitability, against its competitors, by helping it to attract a larger
Define Partnership in Accounting Partnership firm involves two or more people, who join together to earn profits. Accounting for partnership firms involves preparing and maintaining
Partnership Deed is the written agreement between the partners, which is duly signed and registered under the Act and contains all the terms and conditions
Meaning of “Drawings” & “Interest on Drawings” Partnership and partners are considered separate from each other. When partners withdraw money from business, for their personal use,Â
Redemption of debentures – Methods and Meaning The methods of redemption of debentures and , meaning of redemption of debentures are explained below. Redemption of
Meaning of Redemption of Debentures Redemption of debentures means repayment of debenture to the debenture holders by the company after a specified period of time.
Issue of Debentures – Basic Concept Debenture is an instrument, which acknowledges a debt due from a company. It is issued under the common seal