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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।

AccountancyOld partners share in (5:3:2). New ratio is (4:3:2:1). Premium for goodwill is (₹20000). Which old partner will get the whole premium?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B's old ratio is (4:3). New ratio is (7:5:2). If total goodwill is (₹70000), how much will be credited to A in goodwill adjustment?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyIf the super profit is ₹18,000 and the normal rate of return is 9%, what will be the value of goodwill by the capitalization of super profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyThe average profit is ₹80,000, the normal rate of return is 10%, and the actual capital employed is ₹6,50,000. What is the value of goodwill under the capitalization of average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancySuper profit is (₹25000) and years' purchase is (4). The new partner takes (1/5) share. What will be his premium for goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyIf the average profit is ₹90,000, the capital employed is ₹5,00,000, and the normal rate of return is 12%, what is the super profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyProfits for the last three years are ₹30,000, ₹50,000 and ₹70,000, with weights 1:2:3. If years’ purchase are 2, what is goodwill by the weighted average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyThe average profit is ₹72,000, including an abnormal profit of ₹12,000. If the years’ purchase is 3, what is the correct value of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyGoodwill of (₹45000) appears in the books. Old partners share in (2:1). On writing off goodwill before admission, how much will be debited to the second partner?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyA and B's old ratio is (5:3). C takes (1/4) share and this share is taken in the old ratio. If total goodwill is (₹96000), how much premium will A receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyOld partners share profits in (3:2). A new partner takes (1/5) share and the sacrificing ratio is (4:1). If the firm's goodwill is (₹100000), how much will be credited to the first old partner?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyThe firm's goodwill is ₹240000. A new partner is admitted for (1/6) share but brings only ₹30000 as goodwill premium. What will be the unbrought goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyA and B share profits in the ratio 3:1. C is admitted for a 1/4 share of profits, taken equally from A and B. What will be A and B’s sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyAfter admission of a new partner, what should be the total of the new profit-sharing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyIf goodwill is transferred to Revaluation Account before admission, what type of treatment is it?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyWhy is directly crediting goodwill premium to Goodwill Account considered incorrect?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyIf goodwill premium is deposited in bank but not yet distributed, which account is credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyC brings a goodwill premium of ₹20,000 for a 1/4 share in the firm. What is the implied value of the firm’s total goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyThe average profit is ₹85000 and the normal profit is ₹65000. If goodwill is valued at two years’ purchase of super profit, what will be the value of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyProfits are ₹30,000, ₹40,000 and ₹50,000 with weights 1, 2 and 3. What is the weighted average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium

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