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Class 12 · Accountancy · Easy
→A and B have an old profit-sharing ratio of 3:2. Their new ratio is 2:1. Who has sacrificed?
Class 12 · Accountancy · Easy
→How is the sacrificing ratio calculated?
Class 12 · Accountancy · Easy
→What is sacrificing ratio used for in goodwill?
Class 12 · Accountancy · Easy
→Why is goodwill taken from a new partner?
Class 12 · Accountancy · Easy
→When may valuation of goodwill be needed in partnership?
Class 12 · Accountancy · Easy
→Average profit is ₹65,000 and normal profit is ₹50,000. If goodwill is valued at three years’ purchase, what is the goodwill?
Class 12 · Accountancy · Easy
→The capital employed is ₹400000 and the normal rate of return is 10%. What is the normal profit?
Class 12 · Accountancy · Easy
→How is normal profit calculated?
Class 12 · Accountancy · Easy
→Super profit is ₹25000 and goodwill is valued at four years purchase. What is the goodwill?
Class 12 · Accountancy · Easy
→Average profit is ₹90,000 and normal profit is ₹70,000. What is the super profit?
Class 12 · Accountancy · Easy
→What is meant by super profit?
Class 12 · Accountancy · Easy
→Profits are ₹20,000 and ₹30,000 with weights 1 and 2 respectively. What is the weighted average profit?
Class 12 · Accountancy · Easy
→When is weighted average profit method more useful?
Class 12 · Accountancy · Easy
→The average profit for four years is ₹80,000, and goodwill is valued at three years’ purchase. What will be the value of goodwill?
Class 12 · Accountancy · Easy
→The profits for the last three years are ₹30,000, ₹45,000 and ₹60,000, respectively. What is the average profit used for calculating goodwill?
Class 12 · Accountancy · Easy
→The average profit is ₹50,000, and goodwill is valued at two years’ purchase. What is the value of goodwill?
Class 12 · Accountancy · Easy
→How is goodwill calculated under average profit method?
Class 12 · Accountancy · Easy
→Why is self generated goodwill generally not recorded in books?
Class 12 · Accountancy · Easy
→What is the accounting treatment of purchased goodwill?
Class 12 · Accountancy · Easy
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