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Class 12 · Accountancy
→If goodwill is valued at 3 years purchase of average profit and average profit is ₹20000 then what is goodwill?
Class 12 · Accountancy
→On what basis can goodwill be valued on retirement?
Class 12 · Accountancy
→Goodwill value is ₹90000 and the retiring partner share is (1/3). What is his goodwill claim?
Class 12 · Accountancy
→If the partnership deed is silent about goodwill then what is done on retirement?
Class 12 · Accountancy
→To which account is the deceased partner share of goodwill credited?
Class 12 · Accountancy
→A B C share profits in ratio (2:2:1). C retires. Goodwill is ₹40000. What is C share of goodwill?
Class 12 · Accountancy
→A and B share profits in ratio (3:2). A retires. Firm goodwill is ₹50000. What is A share of goodwill?
Class 12 · Accountancy
→A B and C share profits in old ratio (3:2:1). C retires and A B continue in new ratio (3:2). Who will bear the goodwill adjustment?
Class 12 · Accountancy
→Which ratio is most important for goodwill adjustment?
Class 12 · Accountancy
→If goodwill does not already appear in books then which entry is generally passed on retirement?
Class 12 · Accountancy
→Why is the retiring partner capital account credited in goodwill adjustment?
Class 12 · Accountancy
→When are gaining partners capital accounts debited in goodwill adjustment?
Class 12 · Accountancy
→Who generally compensates the retiring partner for goodwill?
Class 12 · Accountancy
→What is the main purpose of goodwill settlement when a partner retires from a partnership?
Class 12 · Accountancy
→If goodwill is (₹84000) and the retiring partner's share is (1/7) what will be the goodwill compensation?
Class 12 · Accountancy
→When the retiring partner's goodwill amount is adjusted through capital accounts is cash payment necessary?
Class 12 · Accountancy
→What is the best summary of goodwill settlement on retirement?
Class 12 · Accountancy
→Which statement is correct regarding the settlement of goodwill when a partner retires?
Class 12 · Accountancy
→If the firm's total goodwill is ₹50,000 and the retiring partner's share in goodwill is 1/10, how much will the partner receive for goodwill?
Class 12 · Accountancy
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