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Class 12 · Accountancy · Hard
→If goodwill is calculated simply by multiplying profit by number of years purchase which method is used?
Class 12 · Accountancy · Hard
→Why is normal partners remuneration adjusted while calculating goodwill by average profit method?
Class 12 · Accountancy · Hard
→If the book profit is ₹1,40,000 and an abnormal loss of ₹20,000 has already been charged to it, what will be the adjusted profit for the valuation of goodwill?
Class 12 · Accountancy · Hard
→If past profits are rupees one lakh two lakh and six lakh and the last year includes abnormal gain of rupees three lakh what is the adjusted profit of the last year for averaging?
Class 12 · Accountancy · Hard
→Which method treats goodwill directly as the capitalized value of future extra earning?
Class 12 · Accountancy · Hard
→In goodwill adjustment on change in profit sharing ratio who is credited when one partner sacrifices?
Class 12 · Accountancy · Hard
→In goodwill adjustment on change in profit sharing ratio who is debited when one partner gains?
Class 12 · Accountancy · Hard
→A and B share profits in the old ratio of 5:3. Their new profit-sharing ratio becomes 3:3. Which partner gains from this change?
Class 12 · Accountancy · Hard
→Old partners A and B share equally and new partner C takes one fifth share entirely from A. What is the sacrificing ratio?
Class 12 · Accountancy · Hard
→When a new partner pays goodwill privately to old partners what is the effect in firms books?
Class 12 · Accountancy · Hard
→If goodwill is not to be shown in the firms books but adjustment is needed on admission what is the usual method?
Class 12 · Accountancy · Hard
→In partnership goodwill valuation may be required on which event?
Class 12 · Accountancy · Hard
→In which situation is a firms goodwill most likely to be higher?
Class 12 · Accountancy · Hard
→A new partner brings rupees one lakh capital for one fourth share and old partners total capital is rupees two lakh fifty thousand then what is hidden goodwill?
Class 12 · Accountancy · Hard
→When is hidden goodwill calculated?
Class 12 · Accountancy · Hard
→If the new partner cannot bring the full amount of his share of goodwill in cash where is the short amount debited?
Class 12 · Accountancy · Hard
→If old partners withdraw the goodwill premium brought by a new partner which account is debited?
Class 12 · Accountancy · Hard
→If goodwill premium brought in cash by a new partner is retained in the firm what is credited after debiting cash?
Class 12 · Accountancy · Hard
→When goodwill already appears in the books and a new partner is admitted what is generally done first?
Class 12 · Accountancy · Hard
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