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Class 12 · Accountancy

If A’s profit-sharing share increases from (\frac{3}{5}) to (\frac{7}{10}), what will be A’s position in the goodwill adjustment?

Class 12 · Accountancy

A and B share profits in the old ratio of 2:1 and the new ratio of 1:1. Which partner gains from this change?

Class 12 · Accountancy

A and B share in the old ratio 5:4. C takes a one-third share from A and B in the old ratio. What is the new ratio?

Class 12 · Accountancy

A and B share profits in the old ratio of 4:3. If C is admitted and receives a \(\frac{2}{7}\) share entirely from A, what will be the sacrificing ratio of A and B?

Class 12 · Accountancy

Why is non trading asset removed from capital employed while calculating normal profit?

Class 12 · Accountancy

If income from non trading investment is included in profit what is the correct treatment for goodwill valuation?

Class 12 · Accountancy

If profits are continuously declining which year should normally receive higher weight in weighted average?

Class 12 · Accountancy

Profits of the last three years are ₹240000, ₹300000 and ₹420000, with weights 1, 2 and 3. What is weighted average profit?

Class 12 · Accountancy

If a partner's salary will stop in future and it was already deducted from profit what will be done in adjusted profit?

Class 12 · Accountancy

If rent expense will increase by ₹30,000 per year in future, what will be the effect on average profit for goodwill?

Class 12 · Accountancy

While calculating average profit for the valuation of goodwill, how should the abnormal flood loss of ₹40,000 incurred last year be adjusted?

Class 12 · Accountancy

The average profit includes insurance claim income of ₹75,000 that will not recur in the future. What adjustment should be made while determining the adjusted average profit for valuing goodwill?

Class 12 · Accountancy

If super profit is rupees ninety thousand and capitalization rate is twelve percent what is goodwill?

Class 12 · Accountancy

If capitalized value is rupees thirty five lakh and actual capital employed is rupees twenty six lakh fifty thousand what is goodwill?

Class 12 · Accountancy

If average profit is rupees seven lakh twenty thousand and normal rate of return is eighteen percent what is the capitalized value?

Class 12 · Accountancy

If average profit is rupees five lakh forty thousand and normal profit is rupees three lakh sixty thousand and super profit is valued at three years purchase what is goodwill?

Class 12 · Accountancy

Profits are (₹360000), (₹420000), (₹540000). Future expense will increase by (₹30000). Normal profit is (₹350000). What will be super profit?

Class 12 · Accountancy

A and B share profits in (5:4). C is admitted and new ratio is (4:3:2). Goodwill is (₹360000). How much will B be credited?

Class 12 · Accountancy

A and B share profits in 5:4. C is admitted and the new ratio is 4:3:2. What is the sacrificing ratio?

Class 12 · Accountancy

Which statement is most accurate while making internal adjustment of goodwill?