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Class 12 · Accountancy
→A, B and C share profits in the ratio 7:2:1. C retires, and the firm’s goodwill is ₹70,000. What is C’s share of goodwill?
Class 12 · Accountancy
→Under the method of not opening goodwill account how is new goodwill shown in the balance sheet?
Class 12 · Accountancy
→If old goodwill exists in books what is done before fresh goodwill adjustment?
Class 12 · Accountancy
→Which ratio is generally used to distribute goodwill burden?
Class 12 · Accountancy
→Which ratio is first considered to calculate the retiring partner goodwill amount?
Class 12 · Accountancy
→On retirement goodwill is considered compensation for what?
Class 12 · Accountancy
→Statement: A retiring partner receives goodwill because he has contributed to building the firm's reputation. How is this statement?
Class 12 · Accountancy
→If retiring partner's goodwill amount is ₹ 60000 and gaining ratio is 3:2 then how much will the second partner bear?
Class 12 · Accountancy
→Which common mistake occurs in goodwill adjustment?
Class 12 · Accountancy
→If the firm's goodwill is ₹36,000 and the retiring partner's share in goodwill is \(\frac{1}{9}\), how much will the partner receive for goodwill?
Class 12 · Accountancy
→A B C are partners and C retires. A and B take C's share equally. In which ratio will goodwill burden be borne?
Class 12 · Accountancy
→At the retirement or death of a partner, if a continuing partner does not gain from goodwill, what effect will the goodwill adjustment have on that partner?
Class 12 · Accountancy
→What is the main basis of goodwill at the time of retirement?
Class 12 · Accountancy
→Goodwill adjustment is related to which type of asset?
Class 12 · Accountancy
→If the firm’s goodwill is ₹84,000 and the deceased partner’s share in goodwill is \(\frac{1}{7}\), what is the value of the deceased partner’s share of goodwill?
Class 12 · Accountancy
→Which account is credited for deceased partner's goodwill amount?
Class 12 · Accountancy
→On death of a partner who receives the goodwill amount instead of the deceased partner?
Class 12 · Accountancy
→Goodwill adjustment here is mainly related to which event?
Class 12 · Accountancy
→If retiring partner's goodwill share is ₹ 20000 and A gets the whole gain then how much will A bear?
Class 12 · Accountancy
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