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Goodwill Adjustment

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhen new ratio and gaining ratio are different which ratio is more useful for goodwill adjustment?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyGaining ratio is most closely connected with which adjustment?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyA, B and C share profits in the ratio 9:4:2. When C retires, A and B acquire C’s share in the ratio 1:1. What will be the new profit-sharing ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyOn retirement or death for what purpose is gaining ratio often used?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyOn a partner’s retirement, what is the gaining ratio most commonly used for?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosEasy AccountancyWhy is the sacrificing ratio not used to distribute accumulated reserves among the old partners when a new partner is admitted?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyPutting admission goodwill adjustment into revaluation account will make which account's result incorrect?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyThe new partner’s required goodwill is ₹96,000, but he brings ₹85,000. What is the deficiency?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyC’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 AccountingHard AccountancyWhy is using revaluation account for admission goodwill adjustment a serious mistake?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 AccountancyPremium for goodwill is (₹54000). (₹30000) is brought in cash and the balance is adjusted through the new partner's current account. How much total will old partners be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B share in (7:5). C's goodwill is (₹48000) and he does not bring cash. If sacrificing ratio is (5:7), how much will A and B be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyFirm's goodwill is (₹88000). A new partner takes (3/11) share. He does not bring cash. What amount will be debited to the new partner's account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B's old ratio is (7:3). The new ratio is (4:2:1). Total goodwill is (₹140000). How much will be credited to A in goodwill adjustment?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA new partner takes (1/7) share. Total goodwill is (₹210000) and he brings only (₹18000) in cash. How much goodwill balance will be adjusted?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyPremium for goodwill is (₹45000). (₹25000) is brought in cash and the balance is adjusted through the new partner's current account. How much total will old partners be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B share in (5:2). C's goodwill is (₹28000) and he does not bring cash. If sacrificing ratio is (3:4), how much will A and B be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyFirm's goodwill is (₹96000). A new partner takes (1/8) share. He does not bring cash. What amount will be debited to the new partner's account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyA and B's old ratio is (5:3). The new ratio is (3:2:1). Total goodwill is (₹96000). How much will be credited to A in goodwill adjustment?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard