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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 C is admitted to the firm for a 1/5 share and the firm's total goodwill is ₹2,50,000, but C brings only ₹40,000 as goodwill, what will be the deficiency in goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyGoodwill amount is retained in business. After crediting old partners their capitals increase. This is the result of what?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B's capitals before admission are ₹180000 and ₹120000. C brings ₹140000 capital for (1/4) share. What is hidden goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIf a new partner brings more than his required goodwill how is the excess amount generally treated?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyGoodwill is ₹200,000 and C is admitted for a 1/10 share. If C brings ₹25,000 as goodwill, what is the correct meaning of the excess amount?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIn a similar situation, the old profit-sharing ratio of A and B is 6:4. The new partner C’s share is 1/5, and the sacrificing ratio of A and B is 3:2. If C brings goodwill of ₹25,000, how much of it will A receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share in (6:4). C is admitted for (1/5) share. C takes his share from A and B in (3:2). What will be the final new ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyWhen should revaluation account not be used for goodwill adjustment on admission?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIf average profit is lower than normal profit, what is the correct conclusion about goodwill under the super profit method?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyUnder capitalization of super profit method super profit is ₹45000 and normal return is (15%). What is goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in the old ratio of 8:7. C is admitted for a 1/5 share, which is sacrificed equally by A and B. What will be B’s share in the new profit-sharing ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA new partner’s goodwill is valued at ₹50,000, but he brings only ₹35,000 in cash for it. If the old partners’ sacrificing ratio is 3:2, what is A’s share of the unbrought goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyAfter the admission of a partner, A’s old profit-sharing ratio was \(3/5\) and the new profit-sharing ratio is \(2/5\). What is A’s sacrifice or gain?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA and B share profits in the ratio \(3:2\). New partner C is admitted for a \(\frac{1}{6}\) share of profits, and A’s new share is \(\frac{2}{5}\). What will be B’s new share of profits?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyPartners A and B have old and revised shares of 1/2 to 3/8 and 1/3 to 5/12, respectively. After the admission of new partner C, which partner is gaining on comparing the old and revised shares?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIn which situation will the new partner not compensate a particular old partner for goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyGoodwill is ₹150000. C is admitted for (1/5) share. A and B sacrifice in (7:3). If C does not bring goodwill how much will A's capital be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyC's required goodwill is ₹45000. C brings only ₹30000. Sacrificing ratio of A and B is (2:1). How much total credit will B receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIf profits of recent years are steadily increasing which average method may be more suitable for goodwill valuation?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyFor goodwill valuation, a firm's profits for the last three years are ₹60,000, ₹80,000 and ₹1,00,000 respectively. The weights for these years are 1:2:3 respectively. What will be the weighted average profit?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert