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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 a new partner does not bring goodwill in cash and one old partner is also gaining, what happens to that gaining old partner?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyGoodwill is (₹320000). A and B's old ratio is (3:5) and new ratio is (5:3). Who will be credited and by how much?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyRetiring partner's share of goodwill is (₹135000). Continuing partners' gaining ratio is (4:5). How much will the second continuing partner be debited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in (2:3:5). B retires and A and C will share future profits in (1:2). What is gaining ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyGoodwill is (₹900000). New partner takes (1/9) share and sacrificing ratio is (2:1). How much will the second old partner be credited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyNew partner brings capital (₹150000) which equals his (1/6) share. Adjusted capital of old partners is (₹650000). What is hidden goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in (4:1). C is admitted and new ratio is (2:2:1). Goodwill is (₹250000). What is B's net effect?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in the ratio 4:1. When C is admitted as a partner, the new profit-sharing ratio becomes 2:2:1. What is A’s sacrificing ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyProfits are (₹100000), (₹160000), (₹220000). Second year had abnormal loss (₹20000) and third year had non recurring income (₹40000). What is adjusted average profit?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyIf goodwill account is raised and immediately written off in new ratio, what will be the final balance of goodwill account?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyOn death of a partner in goodwill adjustment, on what basis is the deceased partner credited and continuing partners debited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA, B and C share profits in (6:3:1). C retires and A and B keep new ratio (2:1). What is gaining ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyGoodwill is (₹500000). New partner takes (1/5) share and brings (₹70000) cash. Balance will be adjusted through capital account. What total amount will old partners be credited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyFirm's goodwill is (₹360000). A new partner is admitted for (1/6) share. Sacrificing ratio is (3:2:1). How much will the third old partner be credited?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in (5:3). C is admitted and new ratio is (2:2:1). Goodwill is (₹400000). What is B's net effect?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyA and B share profits in (5:3). C is admitted and new ratio is (2:2:1). What is the sacrificing ratio?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyAverage profit is (₹140000), normal rate is (10%), and actual capital is (₹1600000). What is the conclusion under capitalization of average profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyThe average profit is ₹2,75,000, the normal profit is ₹2,05,000, and the normal rate of return is 14%. What is the value of goodwill under the capitalization of super profit method?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyProfits are (₹160000), (₹190000), (₹260000), (₹310000). Last year includes abnormal profit (₹50000) 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 4:3:1 and the new profit-sharing ratio is 3:3:2. The firm's goodwill is ₹4,00,000. By what amount will the third partner's capital account be debited for the internal adjustment?Class 12Partnership Accounts - Basic ConceptsGoodwillExpert

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