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Class 12 · Accountancy · Easy
→For partnership goodwill valuation, the profits of the last four years are ₹20,000, ₹30,000, ₹40,000 and ₹50,000, respectively. What is the average profit?
Class 12 · Accountancy · Easy
→On what basis is goodwill valued under the average profit method?
Class 12 · Accountancy · Easy
→What is the usual effect of a poor business reputation on a firm’s goodwill?
Class 12 · Accountancy · Easy
→The value of goodwill is mainly connected with what?
Class 12 · Accountancy · Easy
→Why is goodwill called an intangible asset?
Class 12 · Accountancy · Medium
→A and B share profits in (3:2). C is admitted for (1/4) share and goodwill is valued at (₹160000). If C does not bring goodwill in cash how much will be debited to C's account?
Class 12 · Accountancy · Medium
→Which goodwill valuation method uses both average profit and normal rate of return?
Class 12 · Accountancy · Medium
→Goodwill is (₹100000). Old ratio is (3:2) and new ratio is (2:3). What is net effect on A when goodwill is raised and written off?
Class 12 · Accountancy · Medium
→When goodwill account is written off partners are debited in which ratio?
Class 12 · Accountancy · Medium
→When goodwill account is raised partners' capital accounts are credited in which ratio?
Class 12 · Accountancy · Medium
→If goodwill account is opened and then written off what final balance remains?
Class 12 · Accountancy · Medium
→A and B share profits in the old ratio of 2:1 and the new ratio of 3:2. What is A’s sacrificing ratio?
Class 12 · Accountancy · Medium
→A and B's old ratio was (3:2) and new ratio is (1:1). Who gains?
Class 12 · Accountancy · Medium
→On a change in the profit-sharing ratio, gaining partners are debited in which ratio?
Class 12 · Accountancy · Medium
→Why is goodwill adjusted when profit sharing ratio changes?
Class 12 · Accountancy · Medium
→When a new partner brings the goodwill premium in cash on admission, in which ratio is it credited to the capital accounts of the old partners?
Class 12 · Accountancy · Medium
→Goodwill is (₹180000) and retiring partner's share is (1/6). How much will he be credited for goodwill?
Class 12 · Accountancy · Medium
→In goodwill adjustment on retirement, remaining partners are debited in which ratio?
Class 12 · Accountancy · Medium
→On retirement to whom is benefit of goodwill given?
Class 12 · Accountancy · Medium
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