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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 (₹48000) goodwill in cash. Sacrificing ratio is (5:3). How much will the second old partner be credited?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyA and B share profits in (4:3). C is admitted for (1/7) share sacrificed by A and B in old ratio. What is sacrificing ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhy can weighted average method be useful when profits are continuously rising?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhich goodwill method is generally considered simple for stable profits?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe business is expected to save ₹12,000 in rent every year in the future. What will be the effect on adjusted average profit for goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyAn additional managerial salary of ₹18,000 will be payable every year in the future. What will be its effect on the adjusted profit used for goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe profits for three years are ₹85,000, ₹95,000 and ₹70,000, respectively. The second year included an abnormal loss of ₹10,000, which had already been deducted from that year's profit. What will be the adjusted profit for the second year while calculating average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyProfits are ₹60,000, ₹75,000 and ₹90,000. The third year includes abnormal profit of ₹15,000. What is the correct average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyA given profit includes abnormal profit of (₹20000) in one year. How will it be treated while calculating average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyA firm has a capitalised value of ₹12,50,000 and actual capital employed of ₹9,50,000. According to the capitalisation method, what is the goodwill of the firm?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe average profit is ₹1,60,000 and the normal rate of return is 16%. What is the capitalised value of the business?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyA firm has a super profit of ₹42,000 and a normal rate of return of 14%. What is the value of goodwill under the capitalisation of super profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyA firm has an average profit of ₹1,35,000, capital employed of ₹9,00,000, and a normal rate of return of 10%. What will be the firm’s super profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe capital employed is ₹9,00,000 and the normal rate of return is 11%. What will be the normal profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyA firm’s normal profit is ₹54,000 and its average profit is ₹78,000. What is its super profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyProfits are ₹50,000, ₹70,000 and ₹90,000, and the corresponding weights are 1:2:3. What is the weighted average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe average profit is ₹82,000, and goodwill is valued at 2.5 years’ purchase. What is the value of goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyFor calculating goodwill in a partnership, the profits for three years are ₹72,000, ₹84,000 and ₹96,000, respectively. What will be the average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyIn which situation is goodwill called purchased goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyThe value of goodwill is most closely connected with which factor?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium