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Class 12 · Accountancy
→When does goodwill adjustment through capital accounts not affect total assets?
Class 12 · Accountancy
→Which share is used to calculate the retiring partner share of goodwill?
Class 12 · Accountancy
→In the entry for deceased partner goodwill share what will be the nature of executor account?
Class 12 · Accountancy
→Goodwill is ₹75000 and the retiring partner share is ( \frac{2}{15} ). How much goodwill will he receive?
Class 12 · Accountancy
→Which statement about goodwill adjustment is incorrect?
Class 12 · Accountancy
→A B and C old ratio is 3:2:1. C retires and A B new ratio is 2:1. Who gains?
Class 12 · Accountancy
→The old profit-sharing ratio of A, B and C is 5:4:1. After C’s retirement, the new profit-sharing ratio of A and B is 2:1. Who actually gains from this change?
Class 12 · Accountancy
→A B and C share in 2:1:1. C retires. Goodwill is ₹40000 and A B new ratio is 3:1. Who will bear C goodwill burden?
Class 12 · Accountancy
→Why is it considered necessary to write off old goodwill?
Class 12 · Accountancy
→If goodwill account is not opened what is the effect of new goodwill on the balance sheet?
Class 12 · Accountancy
→What is the effect on profit and loss account when goodwill is adjusted through capital accounts?
Class 12 · Accountancy
→Why are gaining partners capital accounts debited in goodwill adjustment?
Class 12 · Accountancy
→A, B and C share profits in the ratio 4:3:3. B dies, and the firm's goodwill is valued at ₹120000. How much is payable to B's executor as B's share of goodwill?
Class 12 · Accountancy
→Goodwill appearing in the books is ₹45,000, and the partners’ old profit-sharing ratio is 5:3:1. On writing off the old goodwill, how much will be debited to B’s account?
Class 12 · Accountancy
→When continuing partners keep sharing profits in their old mutual ratio what will be the gaining ratio?
Class 12 · Accountancy
→A’s old profit-sharing share is \(\frac{1}{2}\) and B’s old share is \(\frac{1}{3}\). After C’s retirement, A and B agree to share profits in the new ratio 3:2. What is the gaining ratio of A and B?
Class 12 · Accountancy
→What is the correct difference between revaluation profit and goodwill adjustment on retirement?
Class 12 · Accountancy
→What is the relation between goodwill and profit up to the date of death for a deceased partner?
Class 12 · Accountancy
→On death of a partner to whom is his share of goodwill considered payable?
Class 12 · Accountancy
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