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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 old ratio 5:4. C is admitted to a 2/9 share in the firm, which is given up by A and B. If A sacrifices 1/9 of the profit, what is B’s sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyUnder the capitalization method, average profit is ₹2,80,000, normal return is 14%, and actual capital is ₹16,50,000. What will be goodwill?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHardAccountancyAverage profit is ₹250000. Capital employed is ₹1800000 and normal return is (12%). What is goodwill by super profit method at 5 years' purchase?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyA and B share in old ratio (6:5). The new ratio among A B and C is (4:5:2). Which old partner will receive goodwill compensation?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyC’s required goodwill is ₹70,000. He brings ₹42,000 in cash. The sacrificing ratio of A and B is 4:3. How much credit will A get for unbrought goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHardAccountancyGoodwill appears in old books at ₹84000. Old partners share profits in (9:5). How much will the second partner's capital be debited when goodwill is written off?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyC brings ₹90000 capital for (3/20) share. Actual total capital after admission is ₹510000. What will be the hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyA B and C's new ratio is (17:8:5) and C's whole share came from B. C's required goodwill is ₹55000. Who will be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyA and B share in (17:13). C is admitted for (1/6) share and takes the whole share only from B. What will be the new profit sharing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyUnder capitalization method if actual capital is more than capitalized value what is the conclusion about goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyIn a similar situation C's share is (1/8) and total goodwill is ₹160000. If only B sacrifices how much goodwill will B receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyA and B were in (3:5). New ratio among A B and C is (4:3:1). Which old partner will receive goodwill compensation?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyIf both old ratio and new ratio are given what is the correct way to calculate sacrificing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyWhy is old ratio used for writing off old goodwill and sacrificing ratio used for admission goodwill distribution?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyThe new profit-sharing ratio of A, B and C is 8:5:2. C is the new partner, and his share of the firm's goodwill is ₹44,000. What is the total goodwill of the firm?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyC is admitted to the firm for a 2/11 share. The firm’s total goodwill is ₹2,75,000, and C brings ₹42,000 towards goodwill. What is the deficiency in the goodwill premium?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyWhen goodwill is retained in business old partners' capitals increase and cash also increases. Why does this happen?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyA and B's capitals are ₹250000 and ₹150000. C brings ₹125000 capital for (1/5) share. What will be hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyWhy is it wrong to distribute the amount brought in excess of required goodwill among old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpertAccountancyTotal goodwill is ₹3,60,000 and C is admitted for a 1/9 share. If C brings ₹50,000 as goodwill, what is the position?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium

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