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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।

AccountancyWhen is it generally not considered appropriate to keep goodwill account permanently in the books?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyA firm's goodwill is valued at ₹60000 and the new partner gets (1/4) share. What is his share of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyIf the new partner is unable to bring his share of goodwill in cash which account is generally debited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyOn what basis is goodwill compensation distributed among old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyIf A and B share profits in (3:2) and C gets (1/5) share while A and B sacrifice in old ratio what will be the sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyIf the new partner brings goodwill in cash and the amount is retained in business which account is credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyWhat is the best order for solving difficult goodwill accounting questions?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyIf goodwill is (₹75000) and the new partner takes (2/5) share. Sacrificing ratio is (2:1:2). How much will first and third old partners receive together?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyThe new profit-sharing shares of two old partners are 1/2 and 1/4, respectively. The new partner receives 1/4 of the total profit, and the old partners’ former ratio was 3:2. What is the sacrificing ratio of the old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA new partner brings ₹35,000 as a premium for goodwill. The two old partners sacrifice \(\frac{1}{10}\) and \(\frac{1}{5}\), respectively. How much of the goodwill premium will the first old partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B share profits in the ratio 5:4. C is admitted as a partner for a 1/3 share of profits and brings ₹27,000 as goodwill premium. If A and B sacrifice in their old ratio, how much of the goodwill premium will B receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyIf the new partner's goodwill is (₹40000) and he pays it privately to old partners, what entry will be made in the firm's books?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyPremium for goodwill is (₹30000). (₹18000) 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 AccountingHardAccountancyWith old ratio (2:3) and new ratio (3:4:3), the new partner's share is (3/10). What is the sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyWhich statement is correct in goodwill adjustment on admission when an old partner gains and does not sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyTotal goodwill of the firm is (₹180000). A new partner takes (1/6) share. Sacrificing ratio is (2:3). How much will the second old partner be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyNew partner's capital is (₹90000) and his share is (3/10). Old partners' total capital is (₹180000). What will be hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA new partner brings (₹50000) capital for (1/4) share. Old partners' capitals are (₹130000) and (₹30000). What is hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B share profits and losses in the ratio 3:1. C is admitted to the firm for a 1/4 share of profits and brings a premium of ₹20,000 for goodwill. A and B sacrifice in the ratio 2:1. What amount of the goodwill premium will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyAverage profit is (₹120000), normal profit is (₹90000), and years' purchase is (2). A new partner takes (1/6) share. What is his goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard

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