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Class 12 · Accountancy

How is gaining ratio calculated?

Class 12 · Accountancy

When is gaining ratio more useful for goodwill?

Class 12 · Accountancy

A and B have old ratio 2:1. C gets one fourth share and A B sacrifice in old ratio. What will be the sacrificing ratio?

Class 12 · Accountancy

A and B have an old profit-sharing ratio of 3:2. Their new ratio is 2:1. Who has sacrificed?

Class 12 · Accountancy

How is the sacrificing ratio calculated?

Class 12 · Accountancy

What is sacrificing ratio used for in goodwill?

Class 12 · Accountancy

Why is goodwill taken from a new partner?

Class 12 · Accountancy

When may valuation of goodwill be needed in partnership?

Class 12 · Accountancy

Average profit is ₹65,000 and normal profit is ₹50,000. If goodwill is valued at three years’ purchase, what is the goodwill?

Class 12 · Accountancy

The capital employed is ₹400000 and the normal rate of return is 10%. What is the normal profit?

Class 12 · Accountancy

How is normal profit calculated?

Class 12 · Accountancy

Super profit is ₹25000 and goodwill is valued at four years purchase. What is the goodwill?

Class 12 · Accountancy

Average profit is ₹90,000 and normal profit is ₹70,000. What is the super profit?

Class 12 · Accountancy

What is meant by super profit?

Class 12 · Accountancy

Profits are ₹20,000 and ₹30,000 with weights 1 and 2 respectively. What is the weighted average profit?

Class 12 · Accountancy

When is weighted average profit method more useful?

Class 12 · Accountancy

The average profit for four years is ₹80,000, and goodwill is valued at three years’ purchase. What will be the value of goodwill?

Class 12 · Accountancy

The profits for the last three years are ₹30,000, ₹45,000 and ₹60,000, respectively. What is the average profit used for calculating goodwill?

Class 12 · Accountancy

The average profit is ₹50,000, and goodwill is valued at two years’ purchase. What is the value of goodwill?

Class 12 · Accountancy

How is goodwill calculated under average profit method?