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Class 12 · Accountancy

Old ratio is (3:2), new ratio is (4:1) and goodwill is (₹50000). What is A's net effect when goodwill is raised and written off?

Class 12 · Accountancy

What is the final purpose of raising goodwill account and writing it off in new ratio?

Class 12 · Accountancy

A and B's old ratio is (2:3) and new ratio is (3:2). Goodwill is (₹100000). What is B's net effect?

Class 12 · Accountancy

A and B’s old ratio is \(7:5\), and their new ratio is \(2:1\). What is B’s sacrifice?

Class 12 · Accountancy

A and B's old ratio was (5:3) and new ratio is (3:2). Who gains?

Class 12 · Accountancy

On change in profit sharing ratio sacrificing partners are credited in which ratio?

Class 12 · Accountancy

Goodwill is (₹120000) and retiring partner's share is (1/4). Continuing partners gain in (2:1). How much will the first continuing partner be debited?

Class 12 · Accountancy

A, B and C share profits in (3:2:1). C retires and A and B will share in (3:2) in future. What is gaining ratio?

Class 12 · Accountancy

Why do continuing partners give goodwill to the retiring partner on retirement?

Class 12 · Accountancy

A, B and C share profits in the ratio 2:2:1. C retires, and the goodwill of the firm is ₹2,50,000. What is C’s share of goodwill?

Class 12 · Accountancy

At admission old goodwill appearing in books is written off among whom?

Class 12 · Accountancy

Old goodwill of (₹80000) appears in books. A and B's old ratio is (5:3). How much will B be debited on writing it off?

Class 12 · Accountancy

A and B share profits in the ratio of 3:1. C is admitted for a 1/4 share, and A alone sacrifices the entire share. What will be the sacrificing ratio of A and B?

Class 12 · Accountancy

If the new partner does not bring goodwill in cash in which ratio are old partners credited?

Class 12 · Accountancy

A new partner brings (₹48000) goodwill in cash. Sacrificing ratio is (5:3). How much will the second old partner be credited?

Class 12 · Accountancy

Firm's goodwill is (₹210000). A new partner is admitted for (1/6) share. What is his goodwill premium?

Class 12 · Accountancy

A and B share profits in (4:3). C is admitted for (1/7) share sacrificed by A and B in old ratio. What is sacrificing ratio?

Class 12 · Accountancy

Why can weighted average method be useful when profits are continuously rising?

Class 12 · Accountancy

Which goodwill method is generally considered simple for stable profits?

Class 12 · Accountancy

The business is expected to save ₹12,000 in rent every year in the future. What will be the effect on adjusted average profit for goodwill valuation?