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Class 12 · Accountancy
→The average profit is ₹3,60,000, the normal profit is ₹2,85,000, and the normal rate of return is 15%. What is the value of the firm's goodwill using the capitalization of super profit method?
Class 12 · Accountancy
→Profits are (₹220000), (₹260000), (₹340000), (₹420000). Fourth year includes abnormal profit (₹60000) and weights are (1:2:3:4). What is weighted average adjusted profit?
Class 12 · Accountancy
→The old profit-sharing ratio of three partners is 2:5:3 and the new ratio is 3:4:3. The firm's goodwill is valued at ₹6,00,000. By what amount should the capital/current account of the gaining partner be debited under the new ratio?
Class 12 · Accountancy
→Old ratio is (2:5:3), new ratio is (3:4:3), and goodwill is (₹600000). Who gains?
Class 12 · Accountancy
→Goodwill account is raised at (₹300000). Old ratio is (5:1) and new ratio is (3:2). What is B's net effect?
Class 12 · Accountancy
→A and B’s old profit-sharing ratio is 8:7 and their new profit-sharing ratio is 3:2. The firm’s goodwill is ₹450000. What amount will be credited to the sacrificing partner’s account for goodwill?
Class 12 · Accountancy
→A and B’s old profit-sharing ratio is 8:7 and their new profit-sharing ratio is 3:2. Due to this change, which partner sacrifices and what is the amount of sacrifice?
Class 12 · Accountancy
→Deceased partner's goodwill share is (₹96000). Continuing partners' gaining ratio is (7:5). How much will the first continuing partner be debited?
Class 12 · Accountancy
→A, B and C share profits in the ratio of 3:5:2. C dies, and the firm's goodwill is valued at ₹7,50,000. What amount will be credited to C's Executor’s Account for goodwill?
Class 12 · Accountancy
→Retiring partner's share of goodwill is (₹180000). Continuing partners' gaining ratio is (1:2). How much will the second continuing partner be debited?
Class 12 · Accountancy
→A, B and C share profits in the ratio of 4:3:2. On B’s retirement, A and C agree to share future profits in the ratio of 5:4. The firm’s goodwill is ₹540000. What amount will be credited to B’s Capital Account for goodwill?
Class 12 · Accountancy
→A, B and C share profits in the ratio 4:3:2. After B retires, A and C share future profits in the ratio 5:4. What is the gaining ratio of A and C?
Class 12 · Accountancy
→Old goodwill of (₹270000) appears in books. A, B and C share profits in (5:3:1). How much will B be debited on writing it off before admission?
Class 12 · Accountancy
→Total capital based on new partner's capital is (₹1500000). Adjusted capital of old partners is (₹1030000) and new partner's capital is (₹220000). What is hidden goodwill?
Class 12 · Accountancy
→C brings capital (₹300000) for (1/6) share. Adjusted capital of old partners is (₹1450000). What is hidden goodwill?
Class 12 · Accountancy
→Firm's goodwill is (₹560000). C's new share is (2/8) and old partners' sacrificing ratio is (11:3). How much will A be credited?
Class 12 · Accountancy
→A and B's old ratio is (4:3). After admission of C the new ratio is (3:3:2). What is the sacrificing ratio?
Class 12 · Accountancy
→A and B share profits in (4:3). C is admitted and new ratio is (3:3:2). Goodwill is (₹560000). What is B's net effect?
Class 12 · Accountancy
→A and B share profits in (4:3). C is admitted for (1/5) share and new ratio is (3:3:2). Who sacrifices?
Class 12 · Accountancy
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