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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।

AccountancyAverage profit is ₹420000. Future expense will increase by ₹60000 and new income will be ₹35000. Normal profit is ₹310000. What is super profit?Class 12Partnership Accounts - Basic ConceptsGoodwillHardAccountancyWhen goodwill account is raised and written off, total credit in old ratio is (₹600000). What will be total debit in new ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in the ratio 5:4:1. When C retires, A and B adopt a new profit-sharing ratio of 3:2. What is the gaining ratio of A and B?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA new partner brings ₹1,80,000 in cash as premium for goodwill. The old partners withdraw ₹1,20,000 from this amount. What will be the net increase in the firm's bank balance?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyFirm's goodwill is (₹480000). New partner is admitted for (1/8) share. Sacrificing ratio is (5:3). How much will the second old partner be credited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in the ratio 7:3. When C is admitted, the new profit-sharing ratio becomes 4:4:2. What is A’s sacrificing ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyAverage profit is (₹132000), normal rate is (11%), and actual capital is (₹1350000). What is the conclusion under capitalization of average profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyThe average profit is ₹3,60,000, the normal profit is ₹2,85,000, and the normal rate of return is 15%. What is the value of the firm's goodwill using the capitalization of super profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyProfits are (₹220000), (₹260000), (₹340000), (₹420000). Fourth year includes abnormal profit (₹60000) and weights are (1:2:3:4). What is weighted average adjusted profit?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyThe old profit-sharing ratio of three partners is 2:5:3 and the new ratio is 3:4:3. The firm's goodwill is valued at ₹6,00,000. By what amount should the capital/current account of the gaining partner be debited under the new ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyOld ratio is (2:5:3), new ratio is (3:4:3), and goodwill is (₹600000). Who gains?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyGoodwill account is raised at (₹300000). Old ratio is (5:1) and new ratio is (3:2). What is B's net effect?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B’s old profit-sharing ratio is 8:7 and their new profit-sharing ratio is 3:2. The firm’s goodwill is ₹450000. What amount will be credited to the sacrificing partner’s account for goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B’s old profit-sharing ratio is 8:7 and their new profit-sharing ratio is 3:2. Due to this change, which partner sacrifices and what is the amount of sacrifice?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyDeceased partner's goodwill share is (₹96000). Continuing partners' gaining ratio is (7:5). How much will the first continuing partner be debited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in the ratio 3:5:2. C dies, and the firm’s goodwill is valued at ₹7,50,000. What amount will be credited to C’s Executor’s Account for goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyRetiring partner's share of goodwill is (₹180000). Continuing partners' gaining ratio is (1:2). How much will the second continuing partner be debited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in the ratio of 4:3:2. On B’s retirement, A and C agree to share future profits in the ratio of 5:4. The firm’s goodwill is ₹540000. What amount will be credited to B’s Capital Account for goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in the ratio 4:3:2. After B retires, A and C share future profits in the ratio 5:4. What is the gaining ratio of A and C?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyTotal capital based on new partner's capital is (₹1500000). Adjusted capital of old partners is (₹1030000) and new partner's capital is (₹220000). What is hidden goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpert

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