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Class 12 · Accountancy · Easy

Who gets the benefit of goodwill on retirement?

Class 12 · Accountancy · Easy

A and B have old ratio 7:3. C gets one fifth share and A B sacrifice in old ratio. What will be the sacrificing ratio?

Class 12 · Accountancy · Easy

A and B have a sacrificing ratio of 4:1. The new partner brings ₹50,000 as goodwill. How much of this amount will A receive?

Class 12 · Accountancy · Easy

A’s old share is \(\frac{3}{5}\) and the new share is \(\frac{1}{2}\). What is A’s sacrificing share?

Class 12 · Accountancy · Easy

What is the correct formula of sacrificing ratio?

Class 12 · Accountancy · Easy

Goodwill brought by a new partner is distributed among old partners in which ratio?

Class 12 · Accountancy · Easy

Assets are ₹750000 and outside liabilities are ₹180000. What will be the actual capital?

Class 12 · Accountancy · Easy

What is the simple meaning of actual capital?

Class 12 · Accountancy · Easy

A firm’s capitalized value is ₹9,50,000 and its actual capital is ₹7,00,000. According to the capitalization method, what is the firm’s goodwill?

Class 12 · Accountancy · Easy

Average profit is ₹64000 and normal rate of return is 8%. What will be the capitalized value?

Class 12 · Accountancy · Easy

How is goodwill calculated under capitalization method?

Class 12 · Accountancy · Easy

If average profit is less than normal profit what will be the conclusion under super profit method?

Class 12 · Accountancy · Easy

The average profit is ₹78,000 and the normal profit is ₹58,000. The firm’s goodwill is valued at 4 years’ purchase. What is the value of goodwill?

Class 12 · Accountancy · Easy

The capital employed is ₹600,000 and the normal rate of return is 8%. What is the normal profit?

Class 12 · Accountancy · Easy

Which information is needed to calculate normal profit?

Class 12 · Accountancy · Easy

Super profit is ₹32000 and goodwill is valued at three years purchase. What will be the goodwill?

Class 12 · Accountancy · Easy

Average profit is ₹110000 and normal profit is ₹85000. What will be the super profit?

Class 12 · Accountancy · Easy

What is called super profit?

Class 12 · Accountancy · Easy

Profits are ₹30,000 and ₹50,000, with weights 1 and 2 respectively. What will be the weighted average profit?

Class 12 · Accountancy · Easy

In which situation is weighted average profit method more suitable?