Goodwill is treated as an impairment expense and it reduces the net income of the business. Also read: Methods of Valuation of Goodwill Why... View Article
Goodwill, being an intangible asset, is not depreciated instead it is amortized over a period of time. Also read: Also read: Methods of... View Article
Fictitious assets have no tangible or physical existence and any realisable value, but they always represent actual cash expenditure, that is... View Article
Goodwill is calculated for admission of a new partner in the following two ways: Premium Method: Under this method, the new partner brings... View Article
The process of credit creation by commercial banks can be easily understood by the following example. Suppose a person, say X, deposits ₹ 2000,... View Article
Kurukshetra Magazine is a vital source of study material for the UPSC IAS exam. It is a monthly magazine that gives information about important... View Article
sin C + sin D = 2 sin [(C + D) / 2] cos [(C - D) / 2] sin C - sin D = 2 cos [(C + D) / 2] sin [(C - D) / 2] cos C + cos D = 2 cos [(C + D) /... View Article
Assume the cost of the tricycle to be x. It is sold at a gain of 15% = 15x / 100. If it was sold for rs. 108, the profit would be 20% = 20x /... View Article
Let one of the angles be x. Two complementary angles differ by = 12. Bigger angle = (x + 12). Complementary angles = 90. x + x + 12 = 90 2x + 12... View Article