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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।

AccountancyIf the average profit is ₹80,000 and the normal rate of return is 10%, what will be the capitalized value of the business?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyHow is goodwill calculated under the capitalization method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancySuper profit is ₹30,000 and goodwill is valued at three years' purchase. What is the value of goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyNormal profit is ₹70,000 and actual average profit is ₹95,000. What is the super profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf profits for three years are ₹40,000, ₹50,000 and ₹60,000 and goodwill is valued at two years' purchase, what is goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA and B share profits in (5:3). C is admitted for (1/4) share sacrificed by A and B in old ratio. What is the sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA and B share profits in (3:2). C is admitted for (1/5) share and A and B sacrifice equally. What is the sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhich account is debited when old goodwill is written off?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhy is goodwill appearing in the old balance sheet written off on admission of a new partner?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf the new partner pays goodwill premium privately to old partners, what happens in the firm's books?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf premium for goodwill is brought and retained in the firm, what is the second entry?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf the new partner does not bring goodwill in cash, the amount credited to old partners is debited to whose account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyOn the admission of a new partner, the premium received for goodwill is ₹21,000. The old partners’ sacrificing ratio is 2:5. How much of the goodwill premium will the first old partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf premium for goodwill is distributed among old partners in sacrificing ratio, what does it show?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyThe firm's total goodwill is (₹90000) and the new partner takes (1/10) share. How much goodwill will the new partner bring?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyOn admission of a new partner, the amount of goodwill is based on what?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhat is the easiest rule to remember in goodwill accounting?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf the question does not clearly instruct to open Goodwill Account, what is the usual caution?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyPremium for Goodwill Account may be considered what kind of account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhy is premium for goodwill not treated as normal income of the firm?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy