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Class 12 · Accountancy
→In which situation can capitalization of average profit method show goodwill as nil or negative?
Class 12 · Accountancy
→The average profit is ₹2,60,000, capital employed is ₹18,00,000, and the normal rate of return is 10%. What will be the value of goodwill at four years’ purchase of super profit?
Class 12 · Accountancy
→Profits are (₹200000), (₹250000), (₹300000). Second year includes non recurring income (₹50000) and third year has abnormal loss (₹30000). What is adjusted average profit?
Class 12 · Accountancy
→If goodwill is valued at (₹500000) and a new partner is admitted for (1/10) share, but he brings only (₹30000) in cash, what is the unpaid premium?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:2:1. B retires, and the new profit-sharing ratio of A and C is 4:1. The firm's goodwill is ₹3,60,000. Assuming goodwill is adjusted through the partners' capital accounts, what amount will be credited to B's Capital Account?
Class 12 · Accountancy
→A and B share profits in the ratio of 3:2. C is admitted as a partner for a 1/5 share, and the new profit-sharing ratio becomes 2:2:1. If the firm’s goodwill is ₹2,00,000 and C brings his share of goodwill in cash, how much will be credited to A’s Capital Account?
Class 12 · Accountancy
→A and B share profits in (3:2). C is admitted for (1/5) share and new ratio is (2:2:1). What is the sacrificing ratio?
Class 12 · Accountancy
→Goodwill is (₹270000). A and B's old ratio is (2:1) and new ratio is (1:2). In internal adjustment who will be credited and by how much?
Class 12 · Accountancy
→A new partner brings ₹1,00,000 in cash as goodwill premium. The old partners withdraw half of this amount. What will be the net increase in the firm’s bank balance after these transactions?
Class 12 · Accountancy
→If the new partner privately pays goodwill directly to old partners what is the correct treatment in firm's books?
Class 12 · Accountancy
→Total firm capital based on new partner's capital is (₹1200000). Adjusted capital of old partners is (₹820000) and new partner's capital is (₹250000). What is hidden goodwill?
Class 12 · Accountancy
→New partner brings goodwill (₹90000) in cash. Sacrificing ratio is (2:3:4). How much will the third old partner be credited?
Class 12 · Accountancy
→Past profits are (₹100000), (₹140000), (₹220000). Third year includes abnormal profit (₹60000) and future expense (₹20000) per year is expected. What is future maintainable average profit?
Class 12 · Accountancy
→A firm's average capital is ₹10,00,000 and its average profit is ₹1,60,000. The normal rate of return is 12%. What will be the firm's goodwill under the super profit method at 3 years' purchase?
Class 12 · Accountancy
→The old profit-sharing ratio of three partners is 4:2:3, and the new ratio is 3:3:3. The firm's goodwill is ₹3,60,000. How much will be credited to the first partner for his sacrifice?
Class 12 · Accountancy
→The firm’s goodwill is ₹3,60,000. The partners’ old ratio is 4:2:3 and their new ratio is 3:3:3. Which partner sacrifices in respect of goodwill?
Class 12 · Accountancy
→Goodwill account is raised at (₹180000). Old ratio is (2:1) and new ratio is (1:2). What is A's net effect after writing off goodwill?
Class 12 · Accountancy
→A and B's old ratio is (3:2) and new ratio is (5:3). Goodwill is (₹240000). How much will the gaining partner be debited?
Class 12 · Accountancy
→A and B share profits in the old ratio of 7:5 and the new ratio of 3:2. Due to this change, which partner sacrifices and what is the amount of sacrifice?
Class 12 · Accountancy
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