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Class 12 · Accountancy · Hard
→In goodwill adjustment on change in profit sharing ratio who is debited when one partner gains?
Class 12 · Accountancy · Hard
→A and B share profits in the old ratio of 5:3. Their new profit-sharing ratio becomes 3:3. Which partner gains from this change?
Class 12 · Accountancy · Hard
→Old partners A and B share equally and new partner C takes one fifth share entirely from A. What is the sacrificing ratio?
Class 12 · Accountancy · Hard
→Old partners A and B share profits in the ratio 3:2, and the new ratio is 2:2:1. What is A’s sacrifice?
Class 12 · Accountancy · Hard
→When a new partner pays goodwill privately to old partners what is the effect in firms books?
Class 12 · Accountancy · Hard
→If goodwill is not to be shown in the firms books but adjustment is needed on admission what is the usual method?
Class 12 · Accountancy · Hard
→In partnership goodwill valuation may be required on which event?
Class 12 · Accountancy · Hard
→In which situation is a firms goodwill most likely to be higher?
Class 12 · Accountancy · Hard
→A new partner brings rupees one lakh capital for one fourth share and old partners total capital is rupees two lakh fifty thousand then what is hidden goodwill?
Class 12 · Accountancy · Hard
→When is hidden goodwill calculated?
Class 12 · Accountancy · Hard
→If the new partner cannot bring the full amount of his share of goodwill in cash where is the short amount debited?
Class 12 · Accountancy · Hard
→If old partners withdraw the goodwill premium brought by a new partner which account is debited?
Class 12 · Accountancy · Hard
→If goodwill premium brought in cash by a new partner is retained in the firm what is credited after debiting cash?
Class 12 · Accountancy · Hard
→When goodwill already appears in the books and a new partner is admitted what is generally done first?
Class 12 · Accountancy · Hard
→A retiring partner is compensated for goodwill in which ratio by the continuing partners?
Class 12 · Accountancy · Hard
→On admission of a new partner goodwill compensation is given to whom?
Class 12 · Accountancy · Hard
→If super profit is rupees forty thousand and normal rate of return is twenty percent what is goodwill under capitalization of super profit method?
Class 12 · Accountancy · Hard
→Under the capitalization of super profit method, goodwill is obtained by capitalizing which amount?
Class 12 · Accountancy · Hard
→If capitalized average profit is ₹8,00,000 and actual capital employed is ₹6,50,000, what is goodwill?
Class 12 · Accountancy · Hard
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