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Class 12 · Accountancy
→Sacrificing ratio is used for which purpose?
Class 12 · Accountancy
→A and B share profits in (3:2). C is admitted for (1/5) share. A and B share the remaining profit in old ratio. Goodwill is ₹50000. What is C's share of goodwill?
Class 12 · Accountancy
→When the incoming partner brings his share of goodwill in cash and it is retained in the firm which account is credited?
Class 12 · Accountancy
→What is the main purpose of goodwill on admission of a new partner?
Class 12 · Accountancy
→What is the simplest rule to remember in goodwill accounting?
Class 12 · Accountancy
→In goodwill adjustment, if an old partner makes no sacrifice, what will he get from premium?
Class 12 · Accountancy
→A new partner brings ₹30,000 in cash as goodwill premium. The sacrificing ratio of the old partners is 3:2:1. How much of the goodwill premium will the third old partner receive?
Class 12 · Accountancy
→On the admission of a new partner, in which ratio is the premium for goodwill brought by the new partner distributed among the old partners?
Class 12 · Accountancy
→If sacrificing ratio is (1:2:1) and premium is (₹40000), how much will the middle partner receive?
Class 12 · Accountancy
→Why is the goodwill premium received from a new partner not treated as the firm's income?
Class 12 · Accountancy
→If the premium for goodwill is credited to old partners’ capital accounts and they do not withdraw it, what happens?
Class 12 · Accountancy
→When is Premium for Goodwill Account usually closed?
Class 12 · Accountancy
→If the question does not clearly instruct to open Goodwill Account, what caution should usually be taken?
Class 12 · Accountancy
→The total goodwill of the firm is ₹65,000, and the new profit-sharing ratio of the partners is 2:2:1. What is the goodwill attributable to the third partner?
Class 12 · Accountancy
→The new ratio is (2:2:1). What is the new partner's share if he is the third partner?
Class 12 · Accountancy
→On the admission of a new partner, a goodwill premium of ₹14,000 is received. If the two old partners sacrifice equally, how will the premium be divided between them?
Class 12 · Accountancy
→Old partners share in (3:1) and the new partner takes (1/4) share in old ratio. In which ratio will premium be distributed?
Class 12 · Accountancy
→If a new partner takes (1/5) share and firm's goodwill is (₹50000), with what amount will the premium journal start?
Class 12 · Accountancy
→Premium for goodwill (₹24000) is received and old partners withdraw the full amount. What is the net effect on Bank?
Class 12 · Accountancy
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