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Class 12 · Accountancy
→In which situation will an old partner get no share in the new partner's goodwill?
Class 12 · Accountancy
→Total goodwill is ₹240000. C is admitted for (1/6) share. Sacrificing ratio of A and B is (1:4) and C does not bring goodwill. How much will B's capital be credited?
Class 12 · Accountancy
→In goodwill adjustment on admission which ratio should be used only when sacrificing ratio is not separately given and old partners sacrifice in old ratio?
Class 12 · Accountancy
→Under fixed capital method if goodwill is not brought in cash which account is more suitable to credit old partners?
Class 12 · Accountancy
→C's required goodwill is ₹64000. C brings ₹40000 cash. Sacrificing ratio is (3:5). How much total credit will the second old partner receive?
Class 12 · Accountancy
→If profits are decreasing over past years which years should get higher weight in weighted average?
Class 12 · Accountancy
→Under weighted average profit profits are ₹70000 ₹90000 and ₹130000 with weights (1:2:4). What is the weighted average profit?
Class 12 · Accountancy
→Profits for four years are ₹95000 ₹105000 ₹125000 and ₹115000. The third year included abnormal profit of ₹25000. What is the correct average profit?
Class 12 · Accountancy
→Profits for three years are ₹80000 ₹120000 and ₹140000. The second year included abnormal loss of ₹20000. What will be the adjusted average profit?
Class 12 · Accountancy
→A and B share in (8:7). C gets (1/5) share sacrificed in old ratio. Total goodwill is ₹150000. How much compensation will B receive?
Class 12 · Accountancy
→The new profit-sharing ratio of A, B and C is 5:4:3. C is the new partner. If C's share of goodwill is ₹45,000, what is the total goodwill of the firm?
Class 12 · Accountancy
→A and B share in old ratio (2:3). After admission the new ratio is (3:4:3). Which statement is correct?
Class 12 · Accountancy
→When goodwill is raised and written off in new ratio if an old partner's new share is more than old share what may be his net effect?
Class 12 · Accountancy
→The firm raises goodwill account at ₹120000. Old partners were in (2:1) and the new ratio is (3:2:1). What burden will fall on the new partner when it is written off?
Class 12 · Accountancy
→A and B share profits in (4:3). C takes (2/7) share. C takes (1/7) from A and the balance from B. What is the sacrificing ratio?
Class 12 · Accountancy
→If the new partner privately pays goodwill to old partners and the amount is not recorded in the firm what is the effect on the final balance sheet?
Class 12 · Accountancy
→On the admission of a new partner, in which ratio is the goodwill premium brought in cash credited to the old partners’ capital accounts?
Class 12 · Accountancy
→Under capitalization method average profit is ₹225000 and normal return is (15%). Actual capital is ₹1320000. What will be goodwill?
Class 12 · Accountancy
→Average profit is ₹180000. Capital employed is ₹1200000 and normal return is (11%). What is goodwill by super profit method at 4 years' purchase?
Class 12 · Accountancy
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