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Class 12 · Accountancy
→The old partners’ sacrificing ratio is 2:1. The new partner brings ₹18,000 as goodwill in cash. How much of this amount will be credited to the second old partner?
Class 12 · Accountancy
→When the old partners withdraw the amount of goodwill premium, which account is debited in the journal entry?
Class 12 · Accountancy
→If ₹30,000 is received in cash from the incoming partner as premium for goodwill and the old partners immediately withdraw it, what will be the net effect on the bank balance?
Class 12 · Accountancy
→What is a common caution in modern exam practice regarding Goodwill Account in books?
Class 12 · Accountancy
→If old partners sacrifice equally, how will premium for goodwill be distributed?
Class 12 · Accountancy
→If sacrificing ratio is not given and the new partner's share is taken from old partners in old ratio, in which ratio will premium be distributed?
Class 12 · Accountancy
→The total goodwill of the firm is ₹50,000, and the new profit-sharing ratio after reconstitution is 2:2:1. What is the value of the new partner’s share of goodwill?
Class 12 · Accountancy
→Old partners share in (3:2) and the new ratio is (2:2:1). What is the new partner's share?
Class 12 · Accountancy
→Why are old partners credited in goodwill adjustment?
Class 12 · Accountancy
→Why may the new partner be debited in goodwill adjustment?
Class 12 · Accountancy
→In which situation may hidden goodwill be treated as zero?
Class 12 · Accountancy
→In hidden goodwill calculation, if estimated total capital is (₹300000) and actual total capital is (₹260000), what is goodwill?
Class 12 · Accountancy
→A new partner brings ₹40,000 as capital for a 1/5 share in the firm. If capital is contributed in proportion to the profit-sharing share, what is the estimated total capital of the firm?
Class 12 · Accountancy
→A new partner brings (₹50000) capital for (1/4) share. What will be the estimated total capital of the firm?
Class 12 · Accountancy
→When is hidden goodwill usually calculated?
Class 12 · Accountancy
→If a new partner does not bring goodwill separately and brings it included in capital, when may explicit goodwill adjustment be needed?
Class 12 · Accountancy
→When premium for goodwill is partly brought in cash, the cash part is debited to which account?
Class 12 · Accountancy
→A new partner is admitted for a share in a firm. The firm’s total goodwill is ₹1,00,000. If the new partner brings only ₹12,000 in cash as goodwill premium, what amount of the remaining premium will be adjusted?
Class 12 · Accountancy
→A new partner takes (1/4) share and total goodwill of the firm is (₹80000). If he brings the full premium in cash, how much amount will come into Bank?
Class 12 · Accountancy
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