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Partnership Accounts Basic Concepts

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

AccountancyA new partner brings ₹1,00,000 in cash as goodwill premium. The old partners withdraw half of this amount. What will be the net increase in the firm’s bank balance after these transactions?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyIf the new partner privately pays goodwill directly to old partners what is the correct treatment in firm's books?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyTotal firm capital based on new partner's capital is (₹1200000). Adjusted capital of old partners is (₹820000) and new partner's capital is (₹250000). What is hidden goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyPast profits are (₹100000), (₹140000), (₹220000). Third year includes abnormal profit (₹60000) and future expense (₹20000) per year is expected. What is future maintainable average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA firm's average capital is ₹10,00,000 and its average profit is ₹1,60,000. The normal rate of return is 12%. What will be the firm's goodwill under the super profit method at 3 years' purchase?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyThe old profit-sharing ratio of three partners is 4:2:3, and the new ratio is 3:3:3. The firm's goodwill is ₹3,60,000. How much will be credited to the first partner for his sacrifice?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyThe firm’s goodwill is ₹3,60,000. The partners’ old ratio is 4:2:3 and their new ratio is 3:3:3. Which partner sacrifices in respect of goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyGoodwill account is raised at (₹180000). Old ratio is (2:1) and new ratio is (1:2). What is A's net effect after writing off goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B's old ratio is (3:2) and new ratio is (5:3). Goodwill is (₹240000). How much will the gaining partner be debited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in the old ratio of 7:5 and the new ratio of 3:2. Due to this change, which partner sacrifices and what is the amount of sacrifice?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in (2:2:1). C dies and goodwill is (₹400000). How much will be credited to C's executor account?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyGoodwill is (₹500000). Retiring partner's share is (1/5) and continuing partners gain in (3:2). How much will the first continuing partner be debited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in (5:3:2). B retires. A and C will share future profits in (3:2). What is the gaining ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyOld goodwill of (₹96000) appears in books. A, B and C share profits in (3:2:1). How much will B be debited on writing it off before admission of a new partner?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyC brings capital (₹200000) for (1/4) share. Adjusted capital of old partners is (₹520000). What is hidden goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyC brings capital (₹180000) for (1/5) share. A and B's adjusted capitals are (₹450000) and (₹270000). What is hidden goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyFirm's goodwill is (₹300000). New partner takes (1/6) share and brings only (₹30000) cash goodwill. How much will be debited to new partner's account for the balance goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in (3:2). C is admitted for (1/4) share. A sacrifices (1/8) and B sacrifices (1/8). Goodwill is (₹240000). How much will A be credited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyProfits are ₹90,000, ₹1,20,000, ₹1,50,000 and ₹1,80,000, with weights 1:2:3:4. What is the weighted average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyThe super profit is ₹54,000 and the normal rate of return is 18%. What is the value of goodwill using the capitalization of super profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillExpert

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