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Class 12 · Accountancy
→Past profits are (₹100000), (₹140000), (₹220000). Third year includes abnormal profit (₹60000) and future expense (₹20000) per year is expected. What is future maintainable average profit?
Class 12 · Accountancy
→A firm's average capital is ₹10,00,000 and its average profit is ₹1,60,000. The normal rate of return is 12%. What will be the firm's goodwill under the super profit method at 3 years' purchase?
Class 12 · Accountancy
→The old profit-sharing ratio of three partners is 4:2:3, and the new ratio is 3:3:3. The firm's goodwill is ₹3,60,000. How much will be credited to the first partner for his sacrifice?
Class 12 · Accountancy
→The firm’s goodwill is ₹3,60,000. The partners’ old ratio is 4:2:3 and their new ratio is 3:3:3. Which partner sacrifices in respect of goodwill?
Class 12 · Accountancy
→Goodwill account is raised at (₹180000). Old ratio is (2:1) and new ratio is (1:2). What is A's net effect after writing off goodwill?
Class 12 · Accountancy
→A and B's old ratio is (3:2) and new ratio is (5:3). Goodwill is (₹240000). How much will the gaining partner be debited?
Class 12 · Accountancy
→A and B share profits in the old ratio of 7:5 and the new ratio of 3:2. Due to this change, which partner sacrifices and what is the amount of sacrifice?
Class 12 · Accountancy
→A, B and C share profits in (2:2:1). C dies and goodwill is (₹400000). How much will be credited to C's executor account?
Class 12 · Accountancy
→Goodwill is (₹500000). Retiring partner's share is (1/5) and continuing partners gain in (3:2). How much will the first continuing partner be debited?
Class 12 · Accountancy
→A, B and C share profits in (5:3:2). B retires. A and C will share future profits in (3:2). What is the gaining ratio?
Class 12 · Accountancy
→Old goodwill of (₹96000) appears in books. A, B and C share profits in (3:2:1). How much will B be debited on writing it off before admission of a new partner?
Class 12 · Accountancy
→C brings capital (₹200000) for (1/4) share. Adjusted capital of old partners is (₹520000). What is hidden goodwill?
Class 12 · Accountancy
→C brings capital (₹180000) for (1/5) share. A and B's adjusted capitals are (₹450000) and (₹270000). What is hidden goodwill?
Class 12 · Accountancy
→Firm's goodwill is (₹300000). New partner takes (1/6) share and brings only (₹30000) cash goodwill. How much will be debited to new partner's account for the balance goodwill?
Class 12 · Accountancy
→A and B's old ratio is (5:3). C is admitted for (1/5) share which A alone sacrifices. What will be the new ratio?
Class 12 · Accountancy
→A and B share profits in (3:2). C is admitted for (1/4) share. A sacrifices (1/8) and B sacrifices (1/8). Goodwill is (₹240000). How much will A be credited?
Class 12 · Accountancy
→Average profit is (₹200000). In future there will be additional salary (₹30000) per year and rent saving (₹10000) per year. What is future maintainable profit?
Class 12 · Accountancy
→Profits are ₹90,000, ₹1,20,000, ₹1,50,000 and ₹1,80,000, with weights 1:2:3:4. What is the weighted average profit?
Class 12 · Accountancy
→The super profit is ₹54,000 and the normal rate of return is 18%. What is the value of goodwill using the capitalization of super profit method?
Class 12 · Accountancy
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