Muft Shiksha
Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
Class 12AccountancyReconstitution - Admission of a PartnerGoodwill AccountingExpert
0 reads0 ratings0 helpful

A and B's capitals before admission are ₹180000 and ₹120000. C brings ₹140000 capital for (1/4) share. What is hidden goodwill?

Answer and explanation

Correct answer: ₹120000

Total value based on C is (140000 \div 1/4 = ₹560000). Actual capital is ₹440000 so hidden goodwill is ₹120000.

Related tags

Hidden GoodwillCapital ContributionNumericalGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq
सुधार सुझाएँ / Earn

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

KEEP PRACTISING

10 more MCQs
  1. 1A and B have a sacrificing ratio of 2:1. A new partner brings goodwill of ₹30,000. How much of the goodwill will A receive?
  2. 2New partner C could not bring his goodwill share of ₹20,000. The sacrificing ratio of A and B is 1:1. How much will be credited to A?
  3. 3At the admission of a new partner, old goodwill appearing in the books is written off among whom?
  4. 4If a new partner privately pays the goodwill premium to the old partners, what happens in the firm’s books?
  5. 5Goodwill is ₹240,000. A new partner is admitted for a 1/8 share. What will be his goodwill premium?
  6. 6A new partner brings ₹72,000 as goodwill in cash. The old partners’ sacrificing ratio is 7:5. How much will the first old partner receive?
  7. 7The purchase price of a business is ₹12,50,000. Its assets are ₹15,00,000 and outside liabilities are ₹4,00,000. What is the purchased goodwill?
  8. 8A and B share profits in (2:3). C is admitted and new ratio is (4:5:3). What is sacrificing ratio?
  9. 9Old goodwill of (₹180000) appears in books. A, B and C share profits in (4:3:2). How much will C be debited on writing it off before admission?
  10. 10If a new partner brings goodwill in cash and an old partner immediately withdraws his share, what sequence appears in the old partner's capital account?
Found an issue? Help improve this questionMy reports and replies

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.