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Goodwill

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

AccountancyNormal profit is ₹60000 and actual profit is ₹78000. Goodwill is at 3 years purchase. The retiring partner share is ( \frac{1}{6} ). What is his share?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyThe actual profit is ₹88,000 and the normal profit is ₹70,000. If goodwill is valued at 4 years’ purchase of super profit, what will be the value of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyThe profits for three years are ₹24,000, ₹30,000 and ₹36,000, respectively. Goodwill is valued at 3 years’ purchase of the average profit. What will be the value of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyThe average profit is ₹36,000, and goodwill is valued at 2.5 years’ purchase. What will be the value of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyA partnership firm has goodwill of ₹72,000 recorded in its books. At the time of a partner’s retirement or death, it is written off in the old ratio of 4:3:2. What amount will be debited to B’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyWhich partners are included while writing off old goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyUnder memorandum method what is done at the end after opening goodwill account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyIf the new value of goodwill is only recorded by way of memorandum what does it mean?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyWhy does goodwill entitlement arise on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyIf one continuing partner share decreases in goodwill adjustment what is its accounting meaning?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyOld ratio is 2:6:2. B retires and A C new ratio is 3:2. Who gained more?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyOld ratio is 5:2:3. B retires and A C new ratio is 7:5. What is the gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyA, B and C share profits in the ratio 4:4:2. A dies, and the firm’s goodwill is valued at ₹1,25,000. How much will A’s executor receive for goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyA, B and C share profits in the ratio 3:1:6. C retires, and the goodwill of the firm is valued at ₹50,000. What will be C’s share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyA, B and C share profits in the ratio 6:2:2. B retires, and the firm’s goodwill is valued at ₹150000. What is B’s share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyGoodwill is ₹84000 and the retiring partner share is ( \frac{2}{7} ). Gaining ratio is 5:3. What is the burden on the second partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyGoodwill is ₹96000 and the retiring partner share is ( \frac{1}{6} ). Gaining ratio is 3:1. What is the burden on the first partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyA B and C share profits in 2:3:5. C retires and A B new ratio is 1:1. What is the gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyOld ratio is 3:4:3. B retires and A C share equally. What is the gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyOld ratio is 5:3:2. C retires and A B new ratio is 4:1. Who actually gained?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium

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