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Class 12 · Accountancy
→What is the correct way to calculate gaining ratio?
Class 12 · Accountancy
→Who generally bears the burden of goodwill on retirement?
Class 12 · Accountancy
→The retiring partner share of goodwill is credited to which account?
Class 12 · Accountancy
→What is the main purpose of goodwill adjustment on retirement?
Class 12 · Accountancy
→If a continuing partner new share becomes less than his old share then what is he called?
Class 12 · Accountancy
→A B and C share profits in old ratio (2:1:1). Goodwill appears in books at ₹40000. How much will B be debited when old goodwill is written off?
Class 12 · Accountancy
→If continuing partners share profits in their old ratio after retirement then what will be their gaining ratio?
Class 12 · Accountancy
→What is the final objective of goodwill settlement on retirement or death?
Class 12 · Accountancy
→On the retirement of a partner, the goodwill compensation is ₹36,000. If the continuing partners bear it in the gaining ratio of 7:2, what amount will be borne by the partner with the larger share?
Class 12 · Accountancy
→A and B are continuing partners. A gain is (1/6) and B gain is (1/3). What is their gaining ratio?
Class 12 · Accountancy
→Why does the retiring partner right in goodwill arise?
Class 12 · Accountancy
→If old partners share profits in ratio (6:3:1) and goodwill is ₹50000 then what is the third partner share?
Class 12 · Accountancy
→When is goodwill settlement done on the death of a partner?
Class 12 · Accountancy
→If goodwill is not shown in books does it mean it has no value?
Class 12 · Accountancy
→In A B C C retires. C goodwill share is ₹30000. A and B gain in ratio (4:1). How much will A be debited?
Class 12 · Accountancy
→What is the effect on the retiring partner capital when goodwill compensation is allowed?
Class 12 · Accountancy
→Which is a common mistake in goodwill adjustment?
Class 12 · Accountancy
→If a firm's goodwill is ₹45,000 and the retiring partner's share in it is \(\frac{2}{9}\), what amount will the partner receive as the goodwill claim?
Class 12 · Accountancy
→B retires. His goodwill share is ₹24000. A and C gain in ratio (5:3). How much will C be debited?
Class 12 · Accountancy
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