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Class 12 · Accountancy

In which ratio is the retiring partner compensated for goodwill?

Class 12 · Accountancy

What are partners called when their profit share increases after retirement?

Class 12 · Accountancy

On what basis does a retiring partner get a share of goodwill?

Class 12 · Accountancy

What is the main purpose of goodwill settlement on retirement?

Class 12 · Accountancy

A, B, C and D share profits in the ratio 1:4:2:3. C dies, and A, B and D acquire C’s share in the ratio 2:1:1. What will be the new profit-sharing ratio of A, B and D?

Class 12 · Accountancy

While finding gaining ratio from new ratio which comparison is essential?

Class 12 · Accountancy

A B C and D share in 4:2:2:2. A retires and B C D take his share equally. What will be the new ratio?

Class 12 · Accountancy

A, B and C share profits in the ratio 6:2:2. After A's retirement, the new profit-sharing ratio of B and C is fixed at 5:5. Which statement correctly describes the change?

Class 12 · Accountancy

A, B and C share profits in the ratio 2:5:3. After A retires, B and C agree to share profits in the new ratio 6:4. What will be the gaining ratio of B and C?

Class 12 · Accountancy

A, B and C share profits and losses in the ratio 4:4:2. C retires, and B alone takes over C’s entire share. What will be the gaining ratio of A and B?

Class 12 · Accountancy

A, B and C share profits in the ratio 3:6:1. C retires, and A takes over C’s entire share. What is the simplified new profit-sharing ratio of A and B?

Class 12 · Accountancy

A B and C share in 3:6:1. C retires and only A takes his share. What will be the new ratio?

Class 12 · Accountancy

A B C and D share in 2:3:3:2. C dies and A B D take his share in 2:2:1. What will be the new ratio?

Class 12 · Accountancy

A, B and C share profits in the ratio 2:2:6. C retires, and the new profit-sharing ratio of A and B becomes 1:1. What will be the gaining ratio of A and B?

Class 12 · Accountancy

A B and C share in 2:2:6. C retires and A B take his share in old mutual ratio. What will be the new ratio?

Class 12 · Accountancy

When can gaining ratio and sacrificing ratio appear in the same question?

Class 12 · Accountancy

While finding new ratio if gained share is already given how will new share of continuing partner be found?

Class 12 · Accountancy

A, B, C and D share profits in the ratio 1:3:4:2. D retires, and A, B and C acquire D’s share in the ratio 1:1:2. What will be the new profit-sharing ratio?

Class 12 · Accountancy

A, B and C share profits and losses in the ratio 7:1:2. C dies, and the new profit-sharing ratio of A and B becomes 3:2. What is B’s gain in share?

Class 12 · Accountancy

A B and C share in 7:1:2. C dies and A B new ratio is 3:2. Which statement is correct?