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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।

AccountancyUnder the average profit method of goodwill valuation, the total adjusted profit for four years is ₹240000. What is the average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyHow is abnormal gain treated under the average profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf old partners have fluctuating capital accounts, where is goodwill premium credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyOld partners have fixed capital accounts and goodwill adjustment is required. Through which account can shortfall or excess be adjusted?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyGoodwill accounting on admission of a partner is based on which principle?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhy is opening a goodwill account avoided when it is not required?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA and B are partners sharing profits in the ratio 3:2. C is admitted for a 1/6 share in the total profit, acquired entirely from B. What will be B’s new profit-sharing share?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhat is the main difference between sacrificing ratio and gaining ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyOn the admission of a new partner, B’s old profit-sharing share is 2/5 and the new share is 3/10. What is B’s sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhy is it wrong to distribute goodwill premium among old partners in the new ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf a new partner brings more goodwill premium than his share, what is the effect of the excess?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhat does it mean if a bonus is given to the new partner?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyC is admitted to the firm for a 1/6 share of profit. The firm's total goodwill is ₹1,20,000, and C brings only ₹15,000 in cash for goodwill. What is the amount of unbrought goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyThe new partner could not bring full goodwill premium. Through which account is the shortfall adjusted?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf goodwill premium is immediately withdrawn by old partners, which entry is passed?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA and B sacrifice in the ratio 2:1. C brings ₹45,000 as goodwill premium. How much will A receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyThe firm’s goodwill is ₹1,50,000 and the new partner receives a 1/5 share. What is his goodwill premium?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIn goodwill accounting for admission of a partner, on what basis is the new partner’s share of goodwill calculated?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhen is hidden goodwill generally calculated?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA firm's capitalized value is ₹9,00,000 and its actual capital is ₹7,60,000. What is the value of the firm's goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium