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Class 12 · Accountancy
→If the agreement does not mention an interest rate, what rate is generally applied on the retiring partner's loan?
Class 12 · Accountancy
→Interest on the retiring partner's loan account is given to whom?
Class 12 · Accountancy
→What is the normal nature of a retiring partner's loan account?
Class 12 · Accountancy
→When the full amount due to a retiring partner is not paid immediately, the unpaid balance is transferred to which account?
Class 12 · Accountancy
→Super profit is ₹72000 and annuity factor is 3.79079. What is goodwill approximately by annuity method?
Class 12 · Accountancy
→A B and C share profits in 4:3:5. C retires and A B new ratio is 5:2. Total goodwill is ₹168000. What is compensation for B sacrifice?
Class 12 · Accountancy
→A B and C share profits in 3:5:2. C retires and A B new ratio is 3:1. Goodwill is ₹160000. How much will B be credited for sacrifice?
Class 12 · Accountancy
→If a continuing partner sacrifices in the same question what will the correct entry indicate?
Class 12 · Accountancy
→What is the safest sequence for solving a complex goodwill adjustment question?
Class 12 · Accountancy
→The statement says retiring partner goodwill entitlement is decided by old ratio and burden by gaining ratio. How is this statement?
Class 12 · Accountancy
→Why is goodwill written off after being raised under memorandum method?
Class 12 · Accountancy
→Why does new goodwill not appear in balance sheet under direct method?
Class 12 · Accountancy
→What is the correct use of ratios for revaluation profit and goodwill burden?
Class 12 · Accountancy
→What is the correct ratio difference between general reserve and goodwill burden?
Class 12 · Accountancy
→Why is the retiring partner included while writing off old goodwill?
Class 12 · Accountancy
→If new ratio is not given which ratio may be used for distributing goodwill burden?
Class 12 · Accountancy
→If gaining partners privately pay goodwill what happens in firm books?
Class 12 · Accountancy
→If actual average profit is less than normal profit what generally happens under super profit method?
Class 12 · Accountancy
→What is the most important calculation difference between average profit method and super profit method?
Class 12 · Accountancy
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