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Class 12 · Accountancy · Expert
→A, B and C share profits in the ratio 4:4:2. C dies, and the firm's goodwill is valued at ₹5,00,000. What amount will be credited to C's Executor's Account for goodwill?
Class 12 · Accountancy · Expert
→Goodwill is (₹600000). Retiring partner's share is (1/4) and continuing partners gain in (2:3). How much will the second continuing partner be debited?
Class 12 · Accountancy · Expert
→A, B and C share profits in the ratio 3:2:1. B retires, and A and C adopt a new profit-sharing ratio of 4:1. The firm’s goodwill is valued at ₹3,60,000. What amount will be credited to B’s Capital Account for goodwill?
Class 12 · Accountancy · Expert
→New partner brings (₹120000) goodwill in cash. Old partners' sacrificing ratio is (5:4:3). How much will the second old partner be credited?
Class 12 · Accountancy · Expert
→Firm's goodwill is (₹420000). New partner takes (1/7) share and brings only (₹35000) in cash. How much balance will be debited to the new partner's account?
Class 12 · Accountancy · Expert
→C brings capital (₹180000) for (1/4) share. A and B's adjusted capitals are (₹300000) and (₹250000). What is hidden goodwill?
Class 12 · Accountancy · Expert
→C brings capital (₹250000) for (1/5) share. Adjusted capital of old partners is (₹900000). What is hidden goodwill?
Class 12 · Accountancy · Expert
→A and B's old ratio is (7:5). C is admitted for (1/6) share which B alone sacrifices. What will be the new ratio?
Class 12 · Accountancy · Expert
→A and B share profits in (5:3). C is admitted for (1/4) share and A sacrifices (1/8), B sacrifices (1/8). C's share of goodwill is (₹80000). How much will B be credited?
Class 12 · Accountancy · Expert
→Purchase price of a business is (₹1850000). Assets are (₹2400000), outside liabilities are (₹700000), and accumulated loss is (₹50000). What is purchased goodwill?
Class 12 · Accountancy · Expert
→Capital employed is (₹2200000), average profit is (₹330000), and normal rate of return is (11%). What is goodwill at (3) years purchase of super profit?
Class 12 · Accountancy · Expert
→The super profit is ₹72,000 and the normal rate of return is 16%. What is the value of goodwill under the capitalisation of super profit method?
Class 12 · Accountancy · Expert
→The average profit is ₹2,16,000, the normal rate of return is 12%, and the actual capital employed is ₹15,00,000. What is the goodwill of the firm by the capitalization of average profit method?
Class 12 · Accountancy · Medium
→Profits are ₹1,20,000, ₹1,50,000, ₹2,10,000 and ₹2,60,000, with weights 1:2:3:4. What is the weighted average profit?
Class 12 · Accountancy · Expert
→Profits are (₹210000), (₹240000), (₹310000). First year had abnormal profit (₹30000) and second year had abnormal loss (₹20000). Future managerial salary of (₹15000) per year will be paid. What is future maintainable profit?
Class 12 · Accountancy · Expert
→On admission goodwill is (₹480000). New partner takes (1/6) share. He brings (₹50000) cash and balance is adjusted through capital account. What total amount will be credited to old partners?
Class 12 · Accountancy · Expert
→Profits are (₹80000), (₹100000), (₹140000), (₹200000). There is a clear rising trend. Which method may be more suitable for goodwill valuation?
Class 12 · Accountancy · Expert
→The average profit is ₹1,75,000 and the normal profit is ₹1,25,000. Under the capitalisation of super profit method, the normal rate of return is 10%. What is the goodwill of the firm?
Class 12 · Accountancy · Expert
→If goodwill account is raised and then written off in new ratio the net effect is equal to what?
Class 12 · Accountancy · Expert
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