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Class 12 · Accountancy

If customer loyalty is strong but profit is reduced by abnormal expense what should be done first in goodwill valuation?

Class 12 · Accountancy

If a firm possesses special technical know-how that enables it to earn more than normal profits, the know-how can become a basis for creating which asset?

Class 12 · Accountancy

If a firm's goodwill is based only on temporary fashion demand, what care is needed in its valuation?

Class 12 · Accountancy

If the deceased partner’s share of goodwill is ₹180000 and the continuing partners’ gaining ratio is 5:4, what is the burden of the first continuing partner?

Class 12 · Accountancy

On what basis is the deceased partner's share of goodwill calculated?

Class 12 · Accountancy

If continuing partners' new ratio is four to five but their gain is equal in what ratio will goodwill burden be borne?

Class 12 · Accountancy

On retirement continuing partners take the retiring partner's share in three to two ratio. In which ratio will goodwill burden be borne?

Class 12 · Accountancy

On retirement if total goodwill is rupees six lakh and the retiring partner's share is one fifth how much will he receive for goodwill?

Class 12 · Accountancy

If goodwill is raised and then written off in the new ratio which partner will effectively gain?

Class 12 · Accountancy

If goodwill is raised in books in which ratio are partners' capital accounts credited when the question gives no special instruction?

Class 12 · Accountancy

Why is the goodwill account credited when the existing goodwill is written off from the books?

Class 12 · Accountancy

If existing goodwill in books is rupees two lakh ten thousand and old partners' ratio is four to three what will be the second partner's debit?

Class 12 · Accountancy

In hidden goodwill if inferred firm value equals actual capital what will be the goodwill?

Class 12 · Accountancy

If a new partner gets one fourth share and brings capital of rupees three lakh while actual total capital is rupees ten lakh what is hidden goodwill?

Class 12 · Accountancy

If the goodwill premium is paid privately, what will be the effect on the firm’s bank account?

Class 12 · Accountancy

If old partners withdraw the whole goodwill premium what will be the later entry in capital accounts?

Class 12 · Accountancy

If old partners allow goodwill premium to remain in the firm what will be the effect on their capital accounts?

Class 12 · Accountancy

A new partner brings goodwill premium of rupees one lakh fifty thousand and old partners' sacrificing ratio is two to one. What is the second old partner's share?

Class 12 · Accountancy

If a new partner brings less premium than his share of total goodwill how is compensation to old partnership completed?

Class 12 · Accountancy

If total goodwill is rupees eight lakh forty thousand and A sacrifices one fourteenth share how much compensation will A receive?