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Class 12 · Accountancy
→When retiring partner is credited for goodwill and continuing partners are debited in gaining ratio is opening goodwill account necessary?
Class 12 · Accountancy
→On C's retirement, the firm's goodwill is ₹76,000 and A and B have a gaining ratio of 1:3. How much of the goodwill burden will A bear?
Class 12 · Accountancy
→A, B and C share profits in the old ratio of 5:6:4. C retires, and the new profit-sharing ratio of A and B becomes 2:3. What is the gaining ratio of A and B?
Class 12 · Accountancy
→A B C share profits in 5:6:4. C retires and A B's new ratio is 2:3. Which partner sacrifices?
Class 12 · Accountancy
→The deceased partner’s share in goodwill is \(\frac{2}{11}\). The average profit is ₹1,21,000, and goodwill is valued at two years’ purchase. What is the value of the deceased partner’s share of goodwill?
Class 12 · Accountancy
→If goodwill burden is wrongly shared in capital ratio then correction should be based on which ratio?
Class 12 · Accountancy
→Partner B’s goodwill is ₹64,000. C and D’s gaining ratio is 1:3. What amount of B’s goodwill will be borne by D?
Class 12 · Accountancy
→A, B, C and D share profits in the ratio 6:3:3:2. After B's retirement, the new profit-sharing ratio of A, C and D becomes 5:4:5. What is the gaining ratio of C and D?
Class 12 · Accountancy
→A B C D share profits in 6:3:3:2. B retires and A C D's new ratio is 5:4:5. Who will bear the goodwill burden?
Class 12 · Accountancy
→A, B, C and D share profits in the old ratio 6:3:3:2. When B retires, the new profit-sharing ratio of A, C and D becomes 5:4:5. Which partner sacrifices a share of profit?
Class 12 · Accountancy
→If the retiring partner's goodwill claim is ₹ 88000 and only the first of two continuing partners gains then what is the correct entry effect?
Class 12 · Accountancy
→On the death of a partner, the firm's goodwill is valued at ₹54,000. The gaining partners gain in the ratio 4:2:3. What amount will be debited to the capital account of the second gaining partner for the adjustment of goodwill?
Class 12 · Accountancy
→C's goodwill is ₹ 64000 and gaining ratio is 3:13. How much burden will the second partner bear?
Class 12 · Accountancy
→A B C share profits in 9:4:2. C retires and A B's new ratio is 5:3. What is the gaining ratio?
Class 12 · Accountancy
→A B C share profits in 9:4:2. C retires and A B's new ratio is 5:3. Who sacrifices?
Class 12 · Accountancy
→Statement: If a continuing partner's new share decreases then he should not be charged with new goodwill burden. How is this statement?
Class 12 · Accountancy
→If B’s goodwill is ₹1,12,000 and A and C’s gaining ratio is 29:27, how much of the goodwill burden will C bear?
Class 12 · Accountancy
→A B C share profits in 2:7:6. B retires and A C's new ratio is 3:5. What will be the gaining ratio?
Class 12 · Accountancy
→A B C share profits in 2:7:6. B retires and A C's new ratio is 3:5. What is C's gain?
Class 12 · Accountancy
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