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Partner Retirement

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

AccountancyThe total value of goodwill is ₹2,70,000, and the deceased partner’s share in goodwill is \(\frac{2}{9}\). What amount will be credited to the deceased partner’s executor as his share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyGoodwill recorded in the books is ₹1,26,000, and the partners’ old ratio is 4:2:3. What amount will be debited to Partner B’s account when the old goodwill is written off?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyA, B and C share profits in the ratio 2:2:5. When C retires, the new profit-sharing ratio of A and B becomes 5:4. What is B’s gain in share?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyA, B and C share profits in the old ratio of 5:6:4. C retires, and the new profit-sharing ratio of A and B becomes 2:3. What is the gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyA, B and C share profits in the ratio 4:5:3. A retires, and the new profit-sharing ratio of B and C becomes 3:5. Which partner makes the sacrifice?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyA, B, C and D share profits in the ratio 5:3:2:2. After D retires, the new profit-sharing ratio of A, B and C becomes 4:3:2. What is the gaining ratio of B and C?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyA, B and C share profits in the ratio 3:2:1. C retires, and the new profit-sharing ratio of A and B becomes 4:3. What is the gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyA, B, C and D share profits in the ratio 3:2:2:1. On D’s retirement, the new profit-sharing ratio of A, B and C becomes 4:3:1. What is the gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyAt the retirement or death of a partner, if the question specifies a particular method of goodwill valuation, how should the value of goodwill be determined?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, B and C share profits and losses in the ratio 1:4:5. B retires, and the firm’s goodwill is valued at ₹80,000. What is B’s share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, 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 SettlementMedium AccountancyA, B and C share profits in the ratio 1:2:2. A retires, and the firm’s goodwill is ₹75,000. What amount will A receive as his share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, B and C share profits in the ratio 7:2:1. C retires, and the firm’s goodwill is ₹70,000. What is C’s share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyAt the retirement or death of a partner, if a continuing partner does not gain from goodwill, what effect will the goodwill adjustment have on that partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf the firm’s goodwill is ₹84,000 and the deceased partner’s share in goodwill is \(\frac{1}{7}\), what is the value of the deceased partner’s share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA, B and C are partners sharing profits in the old ratio of 2:2:1. When C retires, A and B acquire C’s share equally. What will be the gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhen goodwill is adjusted through the capital accounts, what is the effect on the continuing partners’ capital when goodwill is credited to the retiring partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA, B and C share profits in the old ratio of 3:2:1. If C retires, what was C’s old share in the profits?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyGoodwill recorded in the books is ₹60,000, and the partners’ old profit-sharing ratio is 3:2:1. When the old goodwill is written off, how much will be debited to partner C’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA’s old profit-sharing share is \(\frac{1}{2}\) and B’s old share is \(\frac{1}{3}\). After C’s retirement, A and B agree to share profits in the new ratio 3:2. What is the gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium