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Class 12 · Accountancy

Why are assets revalued at the time of admission of a partner?

Class 12 · Accountancy

A B and C's new ratio is (13:11:6) and C's whole share came from A. C's required goodwill is ₹72000. Who will be credited?

Class 12 · Accountancy

A and B share in (19:11). C is admitted for (1/5) share and takes the whole share only from A. What will be the new profit sharing ratio?

Class 12 · Accountancy

Under capitalization method if capitalized value and actual capital are equal what will be goodwill?

Class 12 · Accountancy

C's share is (1/9) and total goodwill is ₹270000. If only B sacrifices how much goodwill will B receive?

Class 12 · Accountancy

A and B were in (2:7). New ratio among A B and C is (3:5:1). Which old partner will receive goodwill compensation?

Class 12 · Accountancy

If the sacrificing ratio calculated from old and new ratios differs from a given sacrificing ratio what should be done in an exam?

Class 12 · Accountancy

Why can the new partner's goodwill still be adjusted after writing off old goodwill?

Class 12 · Accountancy

The new profit-sharing ratio of A, B and C is 10:7:3. C is the new partner and brings ₹90,000 as goodwill for his share. What is the total goodwill of the firm?

Class 12 · Accountancy

C is admitted to the firm for a \\(\frac{3}{14}\\) share. The firm's total goodwill is ₹2,80,000, and C brings ₹52,000 as goodwill. What is the deficiency in goodwill?

Class 12 · Accountancy

Goodwill came in cash but old partners withdrew only half of it. What effect remains on old partners' capital?

Class 12 · Accountancy

A and B's capitals are ₹320000 and ₹280000. C brings ₹220000 capital for (1/4) share. What will be hidden goodwill?

Class 12 · Accountancy

Why is the amount brought in excess of required goodwill adjusted in the new partner's capital account?

Class 12 · Accountancy

Total goodwill is ₹450000 and C is admitted for (2/15) share. If C brings ₹65000 goodwill what is the position?

Class 12 · Accountancy

The goodwill premium brought by the incoming partner C is ₹84,000. If the sacrificing ratio of the old partners A and B is 1:3, what amount will be credited to B’s Capital Account?

Class 12 · Accountancy

A and B share in (9:7). C is admitted for (1/4) share. C takes his share from A and B in (1:3). What will be the final new ratio?

Class 12 · Accountancy

Putting admission goodwill adjustment into revaluation account will make which account's result incorrect?

Class 12 · Accountancy

If average profit is ₹110000 and normal profit is ₹135000 what is the correct conclusion under super profit method?

Class 12 · Accountancy

Under capitalization of super profit method super profit is ₹72000 and normal return is (18%). What will be goodwill?

Class 12 · Accountancy

The old partners A and B share profits in the ratio 16:9. C is admitted for a 1/5 share of profits, and both old partners sacrifice equally. What will be B’s new profit-sharing share?