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Class 12 · Accountancy
→At the time of reconstitution, goodwill of ₹25,000 recorded in the books is to be written off in the old ratio of 4:1. What amount will be debited to the first partner’s capital account?
Class 12 · Accountancy
→At the time of admission of a new partner, in which ratio is the old goodwill already appearing in the books written off?
Class 12 · Accountancy
→On the admission of a new partner, a goodwill premium of ₹28,000 is received. If both old partners have sacrificed equally, how much will each old partner receive?
Class 12 · Accountancy
→A goodwill premium of ₹25,000 received from the new partner is to be distributed among the old partners in their sacrificing ratio of 2:2:1. How much will the third old partner receive?
Class 12 · Accountancy
→The sacrificing ratio is 1:4, and the premium received for goodwill is ₹50,000. How much of the premium will the second old partner receive?
Class 12 · Accountancy
→On the admission of a new partner, a goodwill premium of ₹32,000 is received. The old partners’ sacrificing ratio is 3:1. How much of the premium will the first old partner receive?
Class 12 · Accountancy
→The goodwill of a firm is ₹45,000, and a new partner acquires a 1/5 share in the firm. How much should the new partner bring for goodwill?
Class 12 · Accountancy
→The total goodwill of the firm is ₹72,000, and the new partner’s share in goodwill is 1/4. What goodwill premium should the new partner bring?
Class 12 · Accountancy
→Total goodwill of the firm is (₹54000) and the new partner takes (1/6) share. What is his goodwill share?
Class 12 · Accountancy
→Which account is debited while distributing premium for goodwill to old partners?
Class 12 · Accountancy
→When a new partner brings the premium for goodwill in cash, how is the Bank Account recorded in the first journal entry?
Class 12 · Accountancy
→In which ratio is the goodwill premium brought by a new partner distributed among the old partners?
Class 12 · Accountancy
→To whom is premium for goodwill given?
Class 12 · Accountancy
→Why is goodwill important on admission of a new partner?
Class 12 · Accountancy
→When the incoming partner pays goodwill privately to old partners what entry is passed in the firm's books?
Class 12 · Accountancy
→Which mistake is most common in goodwill accounting?
Class 12 · Accountancy
→If sacrificing ratio is not given and old partners share the remaining profit in old ratio what will be the sacrificing ratio?
Class 12 · Accountancy
→Why is new goodwill not shown after writing off old goodwill if Goodwill Account is not opened?
Class 12 · Accountancy
→When goodwill amount is received which side of Bank Account is affected?
Class 12 · Accountancy
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