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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।

AccountancyIf average profit is (₹60000) and normal profit is (₹76000), what will be the super profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyWhich method needs capital employed and normal rate to calculate normal profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyWhen goodwill account is raised on what basis are partners credited?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyA and B's old ratio is (4:1) and new ratio is (3:2). Goodwill is (₹200000). How much will be debited to B?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyA and B’s old profit-sharing ratio is 3:2 and their new profit-sharing ratio is 4:3. What is B’s gain?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyOn change in profit sharing ratio what is done to gaining partners in goodwill adjustment?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyGoodwill is (₹450000) and deceased partner's old share is (1/10). How much will be credited to executor account?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyTo which account is a deceased partner's share of goodwill credited?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyGoodwill is (₹180000) and retiring partner's share is (1/3). Continuing partners gain in (3:2). How much will the second continuing partner be debited?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyWhy are continuing partners debited for goodwill on retirement?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyA, B and C share profits in the ratio 4:3:2. C retires, and the firm’s goodwill is valued at ₹2,70,000. What is C’s share of goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyA new partner brings goodwill in cash and old partners withdraw the full amount. What is the final effect on old partners' capital accounts?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyOn admission the new partner privately paid goodwill premium to old partners. What entry will be made in firm's books?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyOld goodwill of ₹1,50,000 appears in the books. Old partners A and B share profits in the ratio 2:1. How much will B be debited when it is written off?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyC brings in ₹1,50,000 as capital for a one-fourth share. On this basis, the total capital of the firm is ₹6,00,000, while the actual adjusted capital is ₹5,20,000. What is the amount of hidden goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyIf the new partner brings only half of the goodwill in cash what is the usual treatment of the remaining part?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyA and B share profits in (5:4). C is admitted for (1/6) share which A and B sacrifice in old ratio. What is the sacrificing ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyThe firm is expected to save ₹18,000 on insurance expenses every year in the future. What will be the effect on adjusted profit for goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyA firm's profits for the last three years were ₹70,000, ₹88,000 and ₹92,000, respectively. The third year's profit includes an abnormal loss of ₹12,000. What adjusted profit should be considered for calculating goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillMediumAccountancyProfits are ₹110000, ₹90000 and ₹130000. The first year included abnormal profit of ₹20000. What is the correct average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium

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