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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।

AccountancyNew partner C brings goodwill of ₹60,000. The sacrificing ratio of the old partners A and B is 2:3. What amount will be credited to B’s account for goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share in (7:3). C is admitted for (1/5) share. C takes his share from A and B in (2:3). What will be the final new ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyWhy is using revaluation account for admission goodwill adjustment a serious mistake?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIf normal profit is ₹95,000 and average profit is ₹95,000, what will be goodwill under the super profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyThe old partners share profits in the ratio 13:7. C is admitted for a 1/4 share of profits. If both old partners sacrifice equally, what will be B's new profit-sharing share?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyNew partner's required goodwill is ₹72000 but he brings ₹90000. What is the excess amount?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyGoodwill is brought in cash and half of it is retained in business. What will be the final cash effect?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyC brings ₹48,000 as goodwill in cash. The old partners retain 25% of it in the business and withdraw the balance. What will be the amount withdrawn?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf a partner’s old share increases from 7/20 to a new share of 9/20, what does this indicate?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in the ratio 5:3. C is admitted for a \(1/4\) share of profits, and A’s new share after admission is \(3/8\). What will be B’s new share of profits?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA's old share is (5/12) and new share is (1/3). B's old share is (7/12) and new share is (1/2). C is the new partner. Who sacrificed more?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIn which situation will an old partner get no share in the incoming partner’s goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIn goodwill adjustment on admission which ratio should be used only when sacrificing ratio is not separately given and old partners sacrifice in old ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyUnder fixed capital method if goodwill is not brought in cash which account is more suitable to credit old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyC's required goodwill is ₹64000. C brings ₹40000 cash. Sacrificing ratio is (3:5). How much total credit will the second old partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIf profits are decreasing over past years which years should get higher weight in weighted average?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyUnder the weighted average profit method, profits are ₹70,000, ₹90,000 and ₹130,000 with weights 1:2:4. What is the weighted average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyProfits for four years are ₹95,000, ₹105,000, ₹125,000 and ₹115,000. The third year included an abnormal profit of ₹25,000. What is the correct average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyProfits for three years are ₹80000 ₹120000 and ₹140000. The second year included abnormal loss of ₹20000. What will be the adjusted average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in the ratio 8:7. C is admitted for a 1/5 share, sacrificed by A and B in their old ratio. Total goodwill is ₹150,000. How much compensation will B receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard