Question

Please solve the above question​

Answer 1

Answer:

Calculation of amount of goodwill:

Average profit= [50000+60000+90000+70000]/4

                      = 67500

Goodwill of the firm= 67500 * 3

                                = 202500

Ram's share of goodwill= 1/4 * 202500

                                       = 50625

(a) Goodwill appears in the books at 202500

Since the difference between goodwill that already appears in the books and goodwill calculated is zero, no entry is passed.  

(b) Goodwill appears in the books at 205500

Difference= 205500- 202500

                = 3000

Answer 2

is utilized for adding artistic touches to book designs, various invitations, inscriptions, logos, font design, certificates and records. Calligraphy is also often used for the likes of props and moving images for film and television, court testimonials and maps