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Goodwill Accounting

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyA and B are partners sharing profits in the ratio 7:3. C is admitted as a new partner for a 1/5 share in the firm. C brings ₹50,000 as goodwill, and A and B sacrifice this share in their old ratio. How much of the goodwill will B receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyPremium for goodwill is (₹45000). (₹25000) is brought in cash and the balance is adjusted through the new partner's current account. How much total will old partners be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyOld ratio is (3:5) and new ratio is (4:5:3). What is the sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyIn goodwill adjustment on admission, if an old partner gains and does not sacrifice, what is the correct treatment for him?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyTotal goodwill of the firm is (₹210000). A new partner takes (1/7) share. Sacrificing ratio is (4:2:1). How much will the first old partner be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyNew partner's capital is (₹120000) and his share is (2/5). Old partners' total capital is (₹190000). What will be hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA new partner brings (₹75000) capital for (1/5) share. Old partners' capitals are (₹160000) and (₹110000). What is hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B share profits and losses in the ratio 6:4. On C’s admission, C brings a premium of ₹30,000 for goodwill. If A and B sacrifice in the ratio 1:2, how much of the premium will B receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyAverage profit is (₹140000), normal profit is (₹104000), and years' purchase is (2). A new partner takes (1/8) share. What is his goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyCapital is ₹6,00,000, the normal rate of return is 10%, and average profit is ₹88,000. What is goodwill at four years' purchase of super profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyWeighted average profit is ₹72,000 and years' purchase is 2.5. The new partner takes a 1/6 share. What is his premium?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyThe profits for four years are ₹50,000, ₹65,000, ₹75,000 and ₹90,000, respectively. What is the value of goodwill at 2 years’ purchase under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyAverage profit is (₹95000). It has already been reduced by abnormal loss of (₹20000). Years' purchase is (3). What is the correct goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyOld partners share in (7:5). A new partner takes (1/6) share. If the first partner sacrifices (1/12), what is the second partner's sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyThree old partners share profits in the ratio 3:4:3. A new partner acquires 1/5 of the total profit share only from the second and third partners in the ratio 1:3. If the premium for goodwill is ₹60,000, how much premium will the third partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B share profits in the ratio 5:1. C is admitted for a 1/6 share, and the new ratio of A and B becomes 4:1. To whom should the goodwill premium of ₹30,000 brought by C be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B share in (5:2). C's goodwill is (₹28000) and he does not bring cash. If sacrificing ratio is (3:4), how much will A and B be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyOld goodwill of (₹50000) appears in books and new goodwill is valued at (₹150000). If the question does not ask to open Goodwill Account, what is the correct treatment?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyBefore admission, goodwill of (₹81000) appears in books. Old partners share in (4:3:2). How much will be debited to the third partner on writing it off?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyIf premium for goodwill is ₹64,000 and the sacrificing ratio is 3:1:4, how much will the third partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard

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