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Class 12 · Accountancy · Easy

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 · Hard

What is the safest sequence for solving a complex goodwill adjustment question?

Class 12 · Accountancy · Medium

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 · Medium

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 · Hard

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 · Expert

What is the correct sequence for solving a complex goodwill adjustment question at the time of reconstitution?

Class 12 · Accountancy · Medium

If a retiring partner is paid less than his adjusted capital, which conclusion about hidden goodwill is appropriate?

Class 12 · Accountancy · Hard

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 · Hard

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 · Expert

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 · Medium

If a continuing partner’s future profit share decreases, what position will that partner have in goodwill adjustment?

Class 12 · Accountancy · Expert

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 · Hard

What is the most precise accounting principle governing goodwill adjustment on the retirement of a partner?

Class 12 · Accountancy · Hard

If B’s goodwill is ₹1,12,000 and A and C’s gaining ratio is 29:27, how much of the goodwill burden will C bear?

Class 12 · Accountancy · Hard

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 · Medium

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 · Hard

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 · Medium

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 · Hard

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 · Hard

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?

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