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Class 12 · Accountancy · Easy
→When the premium for goodwill is brought in cash at the time of a partner’s admission, which journal entry is recorded first?
Class 12 · Accountancy · Easy
→The goodwill amount brought in by a new partner is given as compensation for whose sacrifice?
Class 12 · Accountancy · Easy
→What is the main reason for goodwill on the admission of a new partner?
Class 12 · Accountancy · Easy
→In goodwill accounting, goodwill is considered what type of asset?
Class 12 · Accountancy · Expert
→The old ratio is (5:3:2). The new ratio is (4:3:2:1). What will be the sacrificing ratio?
Class 12 · Accountancy · Expert
→Old partners share in (2:2:3). A new partner takes (1/7) share and all old partners sacrifice in the old ratio. What is the new ratio?
Class 12 · Accountancy · Expert
→The old ratio is (3:5:7). A new partner takes (1/5) share only from the second and third partners in their old ratio (5:7). What is the new ratio?
Class 12 · Accountancy · Expert
→The profit-sharing ratio of two old partners is 4:3. A new partner acquires 1/7 of the share from the first partner and 2/7 from the second partner. What will be the new profit-sharing ratio?
Class 12 · Accountancy · Medium
→If the new partner's share is 1/3 and he receives it from old partners in the ratio 3:2:1, what is the first partner's sacrifice?
Class 12 · Accountancy · Hard
→The old ratio is 7:2:1. A new partner takes a 1/5 share, and the old partners' new ratio is 4:3:1. What is the complete new ratio?
Class 12 · Accountancy · Expert
→Old partners share in (5:1:4). A new partner receives (1/10) share from the first and (1/5) share from the third. What does the second partner do?
Class 12 · Accountancy · Expert
→The old ratio is (10:5:5). A new partner takes (1/4) share equally from the first and third partners. What is the new ratio?
Class 12 · Accountancy · Hard
→The new partner's share is 1/4. The old partners' new shares are 1/2 and 1/4. If their old ratio was 3:2, what is the sacrificing ratio?
Class 12 · Accountancy · Expert
→The old ratio is (6:4:5). A new partner takes (1/5) share. The first partner does not sacrifice and the second and third sacrifice in (1:2). What is the new ratio?
Class 12 · Accountancy · Expert
→If two old partners share profits in the ratio 3:4 and a new partner acquires a 2/7 share from them in their old ratio, what will be the new profit-sharing ratio?
Class 12 · Accountancy · Expert
→The profit-sharing ratio of three old partners is 2:5:3. A new partner acquires a 1/10 share from the first partner and a 1/10 share from the second partner. What will be the new profit-sharing ratio after the admission of the new partner?
Class 12 · Accountancy · Expert
→The old ratio is (3:2). A new partner takes (1/5) share. The first partner sacrifices (1/10). What is the new ratio?
Class 12 · Accountancy · Expert
→If the new partner's share is (1/8) and the old partners' new ratio is (4:3:2), what is the complete new ratio?
Class 12 · Accountancy · Medium
→The old ratio is 4:2:1 and the new ratio is 3:2:1:1. From which old partner did the new partner's share come?
Class 12 · Accountancy · Hard
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