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Class 12 · Accountancy · Easy
→In the entry for writing off old goodwill before admission, which accounts are debited?
Class 12 · Accountancy · Easy
→On the admission of a new partner, goodwill already appearing in the books at ₹27,000 is written off among the old partners in their old ratio of 1:2. What amount will be debited to the first partner’s capital account?
Class 12 · Accountancy · Easy
→At the time of admission of a partner, goodwill already appearing in the books at ₹40,000 is written off in the old ratio of 3:2. By how much will the first partner’s Capital Account be debited?
Class 12 · Accountancy · Easy
→On the admission of a new partner, a goodwill premium of ₹36,000 is to be distributed between two old partners in an equal sacrificing ratio. How much will each old partner receive?
Class 12 · Accountancy · Easy
→On the admission of a new partner, the sacrificing ratio is 2:3 and the goodwill premium brought into the firm is ₹50,000. By how much will the capital account of the second old partner be credited?
Class 12 · Accountancy · Easy
→The sacrificing ratio is 4:1 and the premium for goodwill is ₹25,000. How much of the premium will the first old partner receive?
Class 12 · Accountancy · Easy
→The total goodwill of the firm is ₹96,000. A new partner is admitted for a /6 share. How much premium for goodwill should the new partner bring?
Class 12 · Accountancy · Easy
→The firm's total goodwill is (₹75000) and the new partner's share is (1/5). What is the new partner's share of goodwill?
Class 12 · Accountancy · Easy
→Which account is debited when Premium for Goodwill Account is distributed to old partners?
Class 12 · Accountancy · Easy
→When premium for goodwill is brought in cash, which account is credited?
Class 12 · Accountancy · Easy
→When a new partner brings the premium for goodwill in cash, which account is debited in the journal entry?
Class 12 · Accountancy · Easy
→In which ratio is the premium for goodwill brought by the new partner distributed among the old partners?
Class 12 · Accountancy · Easy
→On admission of a new partner, goodwill compensates for what?
Class 12 · Accountancy · Easy
→Goodwill is related to which feature of a business?
Class 12 · Accountancy · Easy
→Which is the most correct general rule in goodwill accounting?
Class 12 · Accountancy · Easy
→In which method can normal rate of return be used to calculate goodwill?
Class 12 · Accountancy · Easy
→At the time of admission of a partner, goodwill of ₹20,000 recorded in the books is written off in the old ratio of 3:1. What amount will be debited to the second partner’s account?
Class 12 · Accountancy · Easy
→Premium for Goodwill Account is what type of temporary account?
Class 12 · Accountancy · Easy
→In goodwill accounting, sacrificing ratio is mainly used for what purpose?
Class 12 · Accountancy · Easy
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