Goodwill is an
Tangible asset
Fixed asset
Intangible asset
Floating asset
Under fluctuating capital method, profit or loss in a year, will be transferred to the respective
Bank Account
Capital Account
P & L Account
Trading
A and B are partners sharing profits and losses in the ratio of 3 : 2. If 5% of the total profit goes to charity and A's share is Rs 8.55, the total profit is
Rs 1425
Rs 1500
Rs 1537.50
Rs 1576