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Class 12 · Accountancy
→The old partners immediately withdraw the goodwill premium brought in by the new partner. Which account will be credited in the journal entry for this withdrawal?
Class 12 · Accountancy
→When a new partner brings only part of the premium for goodwill in cash, on which side is the Bank Account recorded in the journal entry for the cash portion?
Class 12 · Accountancy
→The total premium for goodwill to be brought by the new partner is ₹18,000. If the partner brings only ₹10,000 in cash, what amount of the remaining premium will be adjusted?
Class 12 · Accountancy
→When goodwill is not brought in cash, in which ratio are old partners credited?
Class 12 · Accountancy
→The new partner does not bring goodwill in cash. In general adjustment, who is debited?
Class 12 · Accountancy
→On the admission of a new partner, if the estimated total capital is ₹4,00,000 and the actual total capital is also ₹4,00,000, what will be the hidden goodwill?
Class 12 · Accountancy
→At the time of admission of a new partner, the estimated total capital is ₹2,50,000 and the actual total capital is ₹2,20,000. What is the value of hidden goodwill?
Class 12 · Accountancy
→A new partner brings ₹45,000 as capital for a 1/4 share in the firm. Assuming that capital is proportional to the profit-sharing share, what is the estimated total capital of the firm?
Class 12 · Accountancy
→On the admission of a new partner, in which ratio is the premium for goodwill received distributed among the old partners?
Class 12 · Accountancy
→How is the new partner's capital used in hidden goodwill calculation?
Class 12 · Accountancy
→When may goodwill arise under capitalization method?
Class 12 · Accountancy
→Normal profit is related to what?
Class 12 · Accountancy
→The average profit is ₹70,000, the normal profit is ₹55,000, and the number of years’ purchase is 3. What is the goodwill of the firm under the super profit method?
Class 12 · Accountancy
→Super profit is (₹15000) and years' purchase is (4). What will be the goodwill?
Class 12 · Accountancy
→The average profit of a firm is ₹62,000 and its normal profit is ₹50,000. What is the super profit?
Class 12 · Accountancy
→Under super profit method, goodwill is calculated on what basis?
Class 12 · Accountancy
→Average profit is (₹24000) and years' purchase is (2). The new partner takes (1/4) share. What is his goodwill share?
Class 12 · Accountancy
→The average profit is ₹18,000 and the number of years’ purchase is 5. What will be the goodwill under the average profit method?
Class 12 · Accountancy
→What is the usual way to calculate goodwill under average profit method?
Class 12 · Accountancy
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