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Class 12 · Accountancy
→Old ratio is (2:1), new ratio is (1:2), and goodwill is (₹90000). What is A's net effect when goodwill is raised and written off?
Class 12 · Accountancy
→When goodwill account is raised and written off in new ratio what will be the final balance of goodwill account?
Class 12 · Accountancy
→When goodwill account is raised on what basis are partners credited?
Class 12 · Accountancy
→A and B's old ratio is (4:1) and new ratio is (3:2). Goodwill is (₹200000). How much will be debited to B?
Class 12 · Accountancy
→A and B’s old profit-sharing ratio is 3:2 and their new profit-sharing ratio is 4:3. What is B’s gain?
Class 12 · Accountancy
→A and B's old ratio is (5:3) and new ratio is (1:1). Who sacrifices?
Class 12 · Accountancy
→On change in profit sharing ratio what is done to gaining partners in goodwill adjustment?
Class 12 · Accountancy
→Goodwill is (₹450000) and deceased partner's old share is (1/10). How much will be credited to executor account?
Class 12 · Accountancy
→To which account is a deceased partner's share of goodwill credited?
Class 12 · Accountancy
→Goodwill is (₹180000) and retiring partner's share is (1/3). Continuing partners gain in (3:2). How much will the second continuing partner be debited?
Class 12 · Accountancy
→Why are continuing partners debited for goodwill on retirement?
Class 12 · Accountancy
→A, B and C share profits in the ratio 4:3:2. C retires, and the firm’s goodwill is valued at ₹2,70,000. What is C’s share of goodwill?
Class 12 · Accountancy
→A new partner brings goodwill in cash and old partners withdraw the full amount. What is the final effect on old partners' capital accounts?
Class 12 · Accountancy
→On admission the new partner privately paid goodwill premium to old partners. What entry will be made in firm's books?
Class 12 · Accountancy
→Old goodwill of ₹150,000 appears in the books. Old partners A and B share profits in the ratio 2:1. How much will B be debited when it is written off?
Class 12 · Accountancy
→C brings in ₹1,50,000 as capital for a one-fourth share. On this basis, the total capital of the firm is ₹6,00,000, while the actual adjusted capital is ₹5,20,000. What is the amount of hidden goodwill?
Class 12 · Accountancy
→If the new partner brings only half of the goodwill in cash what is the usual treatment of the remaining part?
Class 12 · Accountancy
→A new partner brings ₹72,000 as goodwill in cash. The old partners’ sacrificing ratio is 7:5. How much will the first old partner receive?
Class 12 · Accountancy
→A and B share profits in (5:4). C is admitted for (1/6) share which A and B sacrifice in old ratio. What is the sacrificing ratio?
Class 12 · Accountancy
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