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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।

AccountancyThe capital employed is ₹600,000 and the normal rate of return is 8%. What is the normal profit?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhich information is needed to calculate normal profit?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancySuper profit is ₹32000 and goodwill is valued at three years purchase. What will be the goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyAverage profit is ₹110000 and normal profit is ₹85000. What will be the super profit?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhat is called super profit?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyProfits are ₹30,000 and ₹50,000, with weights 1 and 2 respectively. What will be the weighted average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyIn which situation is weighted average profit method more suitable?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyIf goodwill is ₹96,000 and average profit is ₹32,000, what will be the years’ purchase?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyThe average profit is ₹42,000, and goodwill is valued at two and a half years’ purchase. What will be the value of goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyThe profits of a partnership firm for the last three years were ₹24,000, ₹36,000, and ₹48,000, respectively. What is the average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhat is the general formula of goodwill under average profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhat effect does consistently providing good service have on a firm's goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhich of the following factors helps in increasing the goodwill of a partnership firm?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhich of the following types of goodwill is generally recorded in the books of account?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyGoodwill is considered which category of asset?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhat is the simplest meaning of goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhich profit should be taken as the base first in goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyUnder the weighted average profit method, the total weighted profit is ₹5,40,000 and the total weight is 9. What is the weighted average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyGoodwill is (₹360000) and deceased partner's old share is (1/9). How much will be credited to his executor's account?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhy is treatment of a partner's share of goodwill on death similar to retirement?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium