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Goodwill Premium

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

AccountancyThe goodwill of a firm is ₹45,000, and a new partner acquires a 1/5 share in the firm. How much should the new partner bring for goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen a new partner brings the premium for goodwill in cash, how is the Bank Account recorded in the first journal entry?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhy is the goodwill premium received from a new partner not treated as the firm's income?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf the goodwill premium brought in by the new partner is distributed among the old partners and then withdrawn in cash, what will be the effect on the old partners’ capital accounts?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyThe old partners immediately withdraw the goodwill premium brought in by the new partner. Which account will be credited in the journal entry for this withdrawal?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyOn the admission of a new partner, the sacrificing ratio is 2:3 and the goodwill premium brought into the firm is ₹50,000. By how much will the capital account of the second old partner be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen a new partner brings the premium for goodwill in cash, which account is debited in the journal entry?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyA firm’s total goodwill is ₹1,20,000. A new partner is admitted for a 1/6 share of the profits. What amount should the new partner bring in as a premium for goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen the old partners withdraw the amount of goodwill premium, which account is debited in the journal entry?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen the old partners withdraw the premium for goodwill from the firm, which account is credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhat is the entry for crediting the premium for goodwill to the old partners' capital accounts?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyThe sacrificing ratio of the old partners is 3:2. The premium for goodwill received from the new partner is ₹25,000. How much of this premium will the first old partner receive?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIn which ratio is the premium for goodwill distributed among the old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen a new partner brings the goodwill premium in cash on admission, in which ratio is it credited to the capital accounts of the old partners?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe deed says old goodwill will not be shown in books but new partner will pay premium. Which adjustment does this indicate?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe goodwill premium condition on admission in the deed protects whose interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium