Attempt all the questions described below:
Question 1: Describe the journal entries which are passed in the books of the head office to record different transactions relating to the branch, when goods are invoiced at cost.
Question 2: Describe the steps to be taken while computing the interest when the total cash price and installments are provided?
Question 3: Describe the significant methods of valuing goodwill.
Question 4: What would be the treatment of goodwill at the time of retirement or death of a partner, when:
a) Goodwill doesn’t appear in books.
b) Goodwill appears in books.
Question 5: Write short notes on the given terms:
a) Share Capital.
b) Redemption of Debentures.
c) Dividend.
d) Flow of Funds.