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Class 12 · Accountancy

Goodwill is ₹330000 and retiring partner share is ( \frac{2}{15} ). Gaining ratio is 3:8. What is the burden on the first partner?

Class 12 · Accountancy

Goodwill is ₹216000 and the retiring partner share is ( \frac{5}{18} ). Gaining ratio is 7:5. What is the burden on the second partner?

Class 12 · Accountancy

The retiring partner share is ( \frac{4}{13} ) and his goodwill share is ₹52000. What is total goodwill?

Class 12 · Accountancy

Goodwill is ₹252000 and the deceased partner share is ( \frac{5}{18} ). How much goodwill will his executor receive?

Class 12 · Accountancy

A, B and C share profits in the ratio 7:5:4. C retires, and the firm's goodwill is ₹1,92,000. What is C's share of goodwill?

Class 12 · Accountancy

When a negative result appears in gaining ratio what care should be taken in exams?

Class 12 · Accountancy

The old profit-sharing ratio of A, B and C is 7:5:3. A retires, and B and C agree to share future profits in the new ratio of 2:1. What is the gaining ratio of B and C?

Class 12 · Accountancy

The old profit-sharing ratio of A, B and C is 1:4:5. When C retires, the new ratio of A and B becomes 2:3. What is the gaining ratio of A and B?

Class 12 · Accountancy

In a partnership firm, the old profit-sharing ratio of A, B and C is 4:2:3. After B retires, A and C agree to a new profit-sharing ratio of 3:4. Who actually gains from B’s retirement?

Class 12 · Accountancy

Old ratio is 2:5:3. B retires and A C new ratio is 7:5. What is the gaining ratio?

Class 12 · Accountancy

Old ratio is 8:3:1. C retires and A B new ratio is 5:1. Who actually gained?

Class 12 · Accountancy

If one continuing partner gains and another sacrifices on whom will goodwill burden mainly fall?

Class 12 · Accountancy

Why is only the positive difference considered while determining the gaining ratio?

Class 12 · Accountancy

In goodwill adjustment on retirement which right is identified first?

Class 12 · Accountancy

What is the correct sequence for solving a complex goodwill question?

Class 12 · Accountancy

If gaining partners privately pay goodwill why is no entry passed in firm books?

Class 12 · Accountancy

If goodwill amount is not paid immediately in cash what can be done for the retiring partner?

Class 12 · Accountancy

If the retiring partner capital account shows debit balance what can his goodwill share do?

Class 12 · Accountancy

In final settlement of a retiring partner which item may be added separately besides goodwill?

Class 12 · Accountancy

What is the main reason for not showing new goodwill as an asset under direct method?