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Class 12 · Accountancy
→At the retirement or death of a partner, if the question specifies a particular method of goodwill valuation, how should the value of goodwill be determined?
Class 12 · Accountancy
→Goodwill value on retirement is generally related to what?
Class 12 · Accountancy
→On what does goodwill adjustment correctly have accounting effect?
Class 12 · Accountancy
→What is the effect of writing off old goodwill on partners capital accounts?
Class 12 · Accountancy
→In which situation can the continuing partners new ratio itself become the gaining ratio?
Class 12 · Accountancy
→If both old ratio and new ratio are given how will gaining ratio be calculated?
Class 12 · Accountancy
→If gaining ratio is given in the question what should be done while distributing goodwill burden?
Class 12 · Accountancy
→What is the place of goodwill in final settlement of a retiring partner?
Class 12 · Accountancy
→Which statement is incorrect in goodwill adjustment?
Class 12 · Accountancy
→If the retiring partner is paid more than adjusted capital what does the excess amount generally indicate?
Class 12 · Accountancy
→A retiring partner adjusted capital is ₹95000 and he is paid ₹119000. His share is ( \frac{3}{8} ). What is hidden goodwill?
Class 12 · Accountancy
→The retiring partner adjusted capital is ₹160000 and amount due is ₹190000. His share is ( \frac{1}{6} ). What is hidden goodwill?
Class 12 · Accountancy
→Capital employed is ₹600000 and normal return is 10 percent. Actual average profit is ₹78000. What is goodwill by capitalization method?
Class 12 · Accountancy
→Average profit is ₹125000 normal rate of return is 20 percent and capital employed is ₹500000. What is goodwill by capitalization method?
Class 12 · Accountancy
→Normal profit is ₹85000 and actual profit is ₹105000. Goodwill is at 3 years purchase. The retiring partner share is ( \frac{1}{4} ). What is his share?
Class 12 · Accountancy
→The actual profit is ₹92,000 and the normal profit is ₹74,000. Goodwill is valued at 5 years’ purchase of super profit. What is the value of goodwill?
Class 12 · Accountancy
→The profits for three years are ₹48,000, ₹54,000 and ₹60,000, respectively. Goodwill is valued at 2.5 years’ purchase. What will be the value of the firm’s goodwill?
Class 12 · Accountancy
→The profits for four years are ₹25,000, ₹35,000 and ₹45,000 and ₹55,000, respectively. If goodwill is valued at 2 years’ purchase, what will be the amount of goodwill?
Class 12 · Accountancy
→The average profit is ₹42,000, and goodwill is valued at 3.5 years’ purchase. What is the value of goodwill?
Class 12 · Accountancy
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