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Class 12 · Accountancy
→If average profit is lower than normal profit what is the correct conclusion about goodwill under super profit method?
Class 12 · Accountancy
→Under capitalization of super profit method super profit is ₹45000 and normal return is (15%). What is goodwill?
Class 12 · Accountancy
→A and B share profits in the old ratio of 8:7. C is admitted for a 1/5 share, which is sacrificed equally by A and B. What will be B’s share in the new profit-sharing ratio?
Class 12 · Accountancy
→A and B had old ratio (8:7). C is admitted for (1/5) share and A and B sacrifice equally. What will be A's new share?
Class 12 · Accountancy
→A new partner’s goodwill is valued at ₹50,000, but he brings only ₹35,000 in cash for it. If the old partners’ sacrificing ratio is 3:2, what is A’s share of the unbrought goodwill?
Class 12 · Accountancy
→If old partners withdraw the entire cash goodwill amount what will be the net effect of that cash goodwill in the final balance sheet?
Class 12 · Accountancy
→If old partners withdraw (60%) of ₹24000 goodwill brought by C how much amount will remain in business?
Class 12 · Accountancy
→After the admission of a partner, A’s old profit-sharing ratio was \(3/5\) and the new profit-sharing ratio is \(2/5\). What is A’s sacrifice or gain?
Class 12 · Accountancy
→A and B share profits in the ratio \(3:2\). New partner C is admitted for a \(\frac{1}{6}\) share of profits, and A’s new share is \(\frac{2}{5}\). What will be B’s new share of profits?
Class 12 · Accountancy
→Partners A and B have old and revised shares of 1/2 to 3/8 and 1/3 to 5/12, respectively. After the admission of new partner C, which partner is gaining on comparing the old and revised shares?
Class 12 · Accountancy
→In which situation will the new partner not compensate a particular old partner for goodwill?
Class 12 · Accountancy
→Goodwill is ₹150000. C is admitted for (1/5) share. A and B sacrifice in (7:3). If C does not bring goodwill how much will A's capital be credited?
Class 12 · Accountancy
→Distributing goodwill in new profit sharing ratio instead of sacrificing ratio violates which principle?
Class 12 · Accountancy
→If the firm follows fixed capital method and the new partner does not bring goodwill where can the goodwill adjustment generally be made?
Class 12 · Accountancy
→C's required goodwill is ₹45000. C brings only ₹30000. Sacrificing ratio of A and B is (2:1). How much total credit will B receive?
Class 12 · Accountancy
→If profits of recent years are steadily increasing which average method may be more suitable for goodwill valuation?
Class 12 · Accountancy
→For goodwill valuation, a firm's profits for the last three years are ₹60,000, ₹80,000 and ₹1,00,000 respectively. The weights for these years are 1:2:3 respectively. What will be the weighted average profit?
Class 12 · Accountancy
→Profits for four years are ₹70000 ₹90000 ₹100000 and ₹80000 after deducting abnormal loss of ₹30000 in the second year. What is adjusted average profit?
Class 12 · Accountancy
→Profits for three years are ₹90000 ₹110000 and ₹100000 after including abnormal profit of ₹20000 in the first year. What is adjusted average profit?
Class 12 · Accountancy
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