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Class 12 · Accountancy · Easy
→Which of the following is generally not a factor directly affecting the value of goodwill?
Class 12 · Accountancy · Easy
→Why is it not always considered proper to keep goodwill account permanently in books?
Class 12 · Accountancy · Easy
→The retiring partner’s share of goodwill is ₹60,000. The remaining partners’ gaining ratio is 5:1. How much of the goodwill will be borne by the first partner?
Class 12 · Accountancy · Easy
→A new partner cannot bring goodwill in cash. How can his share be adjusted?
Class 12 · Accountancy · Easy
→When are abnormal items adjusted while valuing goodwill?
Class 12 · Accountancy · Easy
→Which method uses normal rate of return?
Class 12 · Accountancy · Easy
→If capitalized value is less than actual capital what is the conclusion about goodwill?
Class 12 · Accountancy · Easy
→Assets are ₹900,000 and external liabilities are ₹250,000. What is actual capital?
Class 12 · Accountancy · Easy
→How can actual capital be calculated?
Class 12 · Accountancy · Easy
→What does capital employed mean in goodwill valuation?
Class 12 · Accountancy · Easy
→What is the treatment of extra income expected in future in goodwill valuation?
Class 12 · Accountancy · Easy
→While determining average or maintainable profit for goodwill valuation, what is done with an expense that is not expected to occur in the future?
Class 12 · Accountancy · Easy
→Profits are ₹80000 ₹90000 and ₹100000. Third year includes abnormal profit of ₹20000. What is correct average profit?
Class 12 · Accountancy · Easy
→Profits are ₹50,000, ₹70,000, and ₹60,000. The first year includes an abnormal loss of ₹10,000. What is the correct total profit?
Class 12 · Accountancy · Easy
→Why is abnormal expense added back in goodwill valuation?
Class 12 · Accountancy · Easy
→Why is abnormal income deducted from profit while valuing goodwill?
Class 12 · Accountancy · Easy
→To whom is the deceased partner's share of goodwill credited?
Class 12 · Accountancy · Easy
→A B C have old ratio 2:3:1. A retires and B C remain in ratio 3:1. What is gaining ratio?
Class 12 · Accountancy · Easy
→B and C have gaining ratio 2:3. Retiring partner's goodwill is ₹50000. How much will C bear?
Class 12 · Accountancy · Easy
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