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Class 12 · Accountancy
→If goodwill is adjusted only by private payment among partners what happens in the firm books?
Class 12 · Accountancy
→If goodwill is paid in cash whose cash will decrease?
Class 12 · Accountancy
→In retirement goodwill adjustment the effect is most clearly shown in which account?
Class 12 · Accountancy
→If goodwill is ₹108000 and the retiring partner share is ( \frac{5}{18} ) what is goodwill due?
Class 12 · Accountancy
→If goodwill is ₹54000 and the retiring partner share is ( \frac{2}{9} ) what is his share?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:2:5. A dies, and the firm’s goodwill is valued at ₹60,000. How much will A’s executor receive for goodwill?
Class 12 · Accountancy
→A, B and C share profits and losses in the ratio 1:4:5. B retires, and the firm’s goodwill is valued at ₹80,000. What is B’s share of goodwill?
Class 12 · Accountancy
→If the retiring partner is paid less than adjusted capital what does it indicate about hidden goodwill?
Class 12 · Accountancy
→The retiring partner adjusted capital is ₹125000 and final amount due is ₹155000. His share is ( \frac{3}{10} ). What is hidden goodwill?
Class 12 · Accountancy
→A retiring partner is paid ₹110000 against his adjusted capital of ₹90000. His share is ( \frac{1}{5} ). What is total hidden goodwill?
Class 12 · Accountancy
→The capital employed is ₹4,00,000, the normal rate of return is 15%, and the actual average profit is ₹70,000. What is the goodwill of the firm by the capitalization method?
Class 12 · Accountancy
→Average profit is ₹96000 normal rate of return is 16 percent and capital employed is ₹500000. What is goodwill by capitalization method?
Class 12 · Accountancy
→Normal profit is ₹60000 and actual profit is ₹78000. Goodwill is at 3 years purchase. The retiring partner share is ( \frac{1}{6} ). What is his share?
Class 12 · Accountancy
→The actual profit is ₹88,000 and the normal profit is ₹70,000. If goodwill is valued at 4 years’ purchase of super profit, what will be the value of goodwill?
Class 12 · Accountancy
→The profits for three years are ₹24,000, ₹30,000 and ₹36,000, respectively. Goodwill is valued at 3 years’ purchase of the average profit. What will be the value of goodwill?
Class 12 · Accountancy
→The average profit is ₹36,000, and goodwill is valued at 2.5 years’ purchase. What will be the value of goodwill?
Class 12 · Accountancy
→On the retirement of a partner, goodwill already appearing in the firm’s books at ₹54,000 is written off in the old ratio of 2:5:2. What amount will be debited to A’s Capital Account?
Class 12 · Accountancy
→A partnership firm has goodwill of ₹72,000 recorded in its books. At the time of a partner’s retirement or death, it is written off in the old ratio of 4:3:2. What amount will be debited to B’s account?
Class 12 · Accountancy
→Which partners are included while writing off old goodwill?
Class 12 · Accountancy
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