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Class 12 · Accountancy
→Under fixed capital method if goodwill is not brought in cash which account is more suitable to credit old partners?
Class 12 · Accountancy
→C's required goodwill is ₹64000. C brings ₹40000 cash. Sacrificing ratio is (3:5). How much total credit will the second old partner receive?
Class 12 · Accountancy
→If profits are decreasing over past years which years should get higher weight in weighted average?
Class 12 · Accountancy
→Under the weighted average profit method, profits are ₹70,000, ₹90,000 and ₹130,000 with weights 1:2:4. What is the weighted average profit?
Class 12 · Accountancy
→Profits for four years are ₹95,000, ₹105,000, ₹125,000 and ₹115,000. The third year included an abnormal profit of ₹25,000. What is the correct average profit?
Class 12 · Accountancy
→Profits for three years are ₹80000 ₹120000 and ₹140000. The second year included abnormal loss of ₹20000. What will be the adjusted average profit?
Class 12 · Accountancy
→A and B share profits in the ratio 8:7. C is admitted for a 1/5 share, sacrificed by A and B in their old ratio. Total goodwill is ₹150,000. How much compensation will B receive?
Class 12 · Accountancy
→The new profit-sharing ratio of A, B and C is 5:4:3. C is the new partner. If C's share of goodwill is ₹45,000, what is the total goodwill of the firm?
Class 12 · Accountancy
→A and B share in old ratio (2:3). After admission the new ratio is (3:4:3). Which statement is correct?
Class 12 · Accountancy
→When goodwill is raised and written off in new ratio if an old partner's new share is more than old share what may be his net effect?
Class 12 · Accountancy
→The firm raises goodwill account at ₹120000. Old partners were in (2:1) and the new ratio is (3:2:1). What burden will fall on the new partner when it is written off?
Class 12 · Accountancy
→A and B share profits in (4:3). C takes (2/7) share. C takes (1/7) from A and the balance from B. What is the sacrificing ratio?
Class 12 · Accountancy
→If the incoming partner privately pays goodwill to the old partners and the amount is not recorded in the firm’s books, what is the effect on the final balance sheet?
Class 12 · Accountancy
→On the admission of a new partner, in which ratio is the goodwill premium brought in cash credited to the old partners’ capital accounts?
Class 12 · Accountancy
→Under the capitalization method, average profit is ₹225,000, the normal rate of return is 15%, and actual capital is ₹1,320,000. What will be the value of goodwill?
Class 12 · Accountancy
→Average profit is ₹180000. Capital employed is ₹1200000 and normal return is (11%). What is goodwill by super profit method at 4 years' purchase?
Class 12 · Accountancy
→A and B share in old ratio (5:4). The new ratio among A B and C is (3:4:2). Which old partner will receive goodwill compensation?
Class 12 · Accountancy
→C's required goodwill is ₹54,000. He brings ₹39,000 in cash towards goodwill. The sacrificing ratio of A and B is 5:3. By how much should A's Capital Account be credited for unbrought goodwill?
Class 12 · Accountancy
→Goodwill appears in old books at ₹66000. Old partners share profits in (6:5). Before admission how much will the second partner's capital be debited?
Class 12 · Accountancy
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