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Class 12 · Accountancy
→Which item reduces the balance of a retiring partner's loan account?
Class 12 · Accountancy
→If interest on the loan is forgotten, what will be the effect on the amount payable to the retiring partner?
Class 12 · Accountancy
→Which is the correct entry for final payment of the loan to a retiring partner?
Class 12 · Accountancy
→If the agreement gives an interest rate on the retiring partner's loan, which rate will be applied?
Class 12 · Accountancy
→Out of ₹80,000 due, ₹50,000 is paid immediately. The loan account will be credited with what amount?
Class 12 · Accountancy
→When the amount due to a retiring partner is paid in instalments, in which account is each instalment deducted?
Class 12 · Accountancy
→A retiring partner's loan account contains only principal, and interest has not yet been added. What is the correct next step?
Class 12 · Accountancy
→What is the safest sequence for solving a complex goodwill adjustment question?
Class 12 · Accountancy
→Under the memorandum method, goodwill of ₹240,000 is written off between A and B in their new ratio of 5:7. How much will be debited to B’s account?
Class 12 · Accountancy
→A retiring partner’s share of goodwill is 4/13 and the amount credited for that share is ₹52,000. What is the total value of goodwill?
Class 12 · Accountancy
→The old profit-sharing ratio of A, B and C is 2:5:3. B retires, and A and C continue in the new ratio 7:5. What is the gaining ratio of A and C?
Class 12 · Accountancy
→What is the correct sequence for solving a complex goodwill adjustment question at the time of reconstitution?
Class 12 · Accountancy
→If a retiring partner is paid less than his adjusted capital, which conclusion about hidden goodwill is appropriate?
Class 12 · Accountancy
→The retiring partner’s adjusted capital is ₹1,75,000 and the amount due to him is ₹2,03,000. His share is 2/9. What is the hidden goodwill?
Class 12 · Accountancy
→Under the memorandum method, goodwill of ₹1,20,000 is written off between A and B in the new ratio 5:3. How much will be debited to B’s account?
Class 12 · Accountancy
→On retirement of a partner, if goodwill is not already recorded in the firm's books, from whose capital accounts is the retiring partner’s share of goodwill generally adjusted?
Class 12 · Accountancy
→If a continuing partner’s future profit share decreases, what position will that partner have in goodwill adjustment?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2:5:3. B dies, and the goodwill of the firm is valued at ₹1,80,000. How much will B’s executor receive for goodwill?
Class 12 · Accountancy
→What is the most precise accounting principle governing goodwill adjustment on the retirement of a partner?
Class 12 · Accountancy
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