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Class 12 · Accountancy

A, B and C share profits in the ratio 2:7:6. B retires, and A and C’s new ratio is 3:5. What is A’s gain?

Class 12 · Accountancy

If the deceased partner’s share is 5/18 and goodwill is ₹3,24,000, how much will be credited to the deceased partner’s executor for goodwill?

Class 12 · Accountancy

A, B and C share profits in the ratio 3:7:5. C retires, and the new profit-sharing ratio of A and B becomes 5:3. Who will bear the goodwill compensation payable to C?

Class 12 · Accountancy

Old goodwill of ₹96,000 appears in the books and the old ratio is 5:4:3. How much will the third partner be debited when the old goodwill is written off?

Class 12 · Accountancy

The deceased partner's share is 4/15. The firm's goodwill is ₹2,25,000. How much will be credited for goodwill to the deceased partner's executor?

Class 12 · Accountancy

A, B and C share profits in 5:5:2. B retires and A and C's new ratio is 3:2. What is A's gain?

Class 12 · Accountancy

Average profit is ₹84,000 and goodwill is valued at two years' purchase. The retiring partner's share is 5/14. What is his goodwill claim?

Class 12 · Accountancy

If the retiring partner's goodwill is ₹75,000 and the gaining ratio is 8:17, how much burden falls on the partner with seventeen parts?

Class 12 · Accountancy

A, B and C share profits in 8:5:3. B retires and A and C's new ratio is 3:2. What will be the gaining ratio?

Class 12 · Accountancy

A, B and C share profits in 8:5:3. B retires and A and C's new ratio is 3:2. What is C's gain?

Class 12 · Accountancy

If the total value of goodwill is ₹1,35,000 and the retiring partner’s share is \(\frac{4}{15}\), what amount of goodwill is due to the partner?

Class 12 · Accountancy

The retiring partner's adjusted capital is ₹1,60,000 and the amount due is ₹1,90,000. His share is 1/6. What is the hidden goodwill?

Class 12 · Accountancy

Which principle is most useful for checking final entries after writing off old goodwill and adjusting new goodwill?

Class 12 · Accountancy

If retiring partner D's goodwill is ₹25,000 and only B has gained, what will be the effect on B's capital?

Class 12 · Accountancy

The deceased partner's share is one sixth. Average profit is ₹72,000 and goodwill is valued at two and a half years' purchase. What will be the deceased partner's claim?

Class 12 · Accountancy

A, 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 12 · Accountancy

Which option shows a common mistake in goodwill adjustment when a partner retires?

Class 12 · Accountancy

If a retiring partner's goodwill share is ₹60,000 and the gaining ratio of the continuing partners is 3:2, how much goodwill adjustment will be borne by the second partner?

Class 12 · Accountancy

Which common mistake occurs in goodwill adjustment on the retirement of a partner?

Class 12 · Accountancy

A, 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?