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Retirement

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyGoodwill appearing in the books, valued at ₹84,000, is to be written off among the partners in their old ratio of 3:2:2. What amount will be debited to A’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyGoodwill adjustment on retirement is based on which basic principle?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, B and C share profits in the ratio 7:5:4. C retires, and the new profit-sharing ratio of A and B is 2:1. Which partner gains more?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyIn goodwill settlement, goodwill is \(₹54000\). The retiring partner’s share is \(\frac{2}{9}\). What is his share?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA partnership firm has goodwill of ₹72,000 recorded in its books. At the time of a partner’s retirement or death, it is written off in the old ratio of 4:3:2. What amount will be debited to B’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyOn retirement goodwill is considered compensation for what?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhich common mistake occurs in goodwill adjustment on the retirement of a partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA, B and C are partners, and C retires. A and B acquire C’s share equally. In what ratio will the goodwill burden be borne?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhich ratio is used to distribute a retiring partner’s goodwill amount among the continuing partners?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhat does crediting the retiring partner’s account for goodwill mean?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA retiring partner’s goodwill share is ₹45,000. If the gaining ratio of the continuing partners is 1:2, how much will the second partner bear?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA, B and C share profits in the ratio 5:3:2. C retires. What is C’s old profit-sharing share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIn goodwill settlement, goodwill of the firm is \(₹75000\). The retiring partner’s share is \(\frac{2}{15}\). How much goodwill will he receive?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, B and C share profits in the ratio 2:1:1. C retires. Goodwill is valued at ₹40,000, and A and B adopt the new ratio 3:1. Who will bear C’s goodwill burden?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyThe adjusted capital balance of a retiring partner is ₹70000 but he is paid ₹85000. His old share is ( \frac{1}{4} ). What is total hidden goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhat is the main purpose of goodwill adjustment on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhy does the retiring partner right in goodwill arise?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyBetween whom is goodwill adjusted at the time of retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA B and C share profits in old ratio (3:2:1). C retires and A B continue in new ratio (3:2). Who will bear the goodwill adjustment?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhat is the main purpose of goodwill settlement when a partner retires from a partnership?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy