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Class 12 · Accountancy
→The firm raises a goodwill account of ₹90,000. A and B share old profits in 3:2, and goodwill is later written off in the new ratio 2:2:1. What burden will fall on C?
Class 12 · Accountancy
→A and B share profits in (7:5). C takes (1/4) share. C takes (1/6) from A and the balance from B. What is the sacrificing ratio?
Class 12 · Accountancy
→If the new partner pays goodwill privately to old partners and no cash enters the firm what is the correct accounting treatment?
Class 12 · Accountancy
→A and B are partners sharing profits and losses in the ratio of 2:1. C is admitted to the firm for a 1/4 share, and the goodwill of the firm is valued at ₹72,000. If A sacrifices 1/6 of his share, what is B’s sacrifice?
Class 12 · Accountancy
→In super profit method average profit is ₹120000. Capital employed is ₹800000 and normal return is (10%). What is goodwill at 3 years' purchase?
Class 12 · Accountancy
→A and B share in old ratio (4:3). The new ratio among A B and C is (3:3:2). Goodwill is ₹56000. Who will receive C's goodwill compensation?
Class 12 · Accountancy
→A and B are partners in (3:2). C is admitted for (1/4) share and brings only ₹18000 cash goodwill while his required goodwill is ₹30000. Which account will be debited for the balance goodwill?
Class 12 · Accountancy
→Goodwill appears in old books at ₹48000. A and B share in old ratio (5:1). What is the effect on A's capital when goodwill is written off before admission?
Class 12 · Accountancy
→A new partner brings ₹60000 as capital for (1/6) share. Actual capital of all partners after admission is ₹300000. What is the hidden goodwill?
Class 12 · Accountancy
→A and B share profits in 5:3. C receives a 1/5 share, and the new ratio is 7:5:4. What will be the sacrificing ratio?
Class 12 · Accountancy
→In a difficult goodwill question, when part of premium is cash and part is adjusted, how much amount is credited to old partners?
Class 12 · Accountancy
→If goodwill is (₹180000) and the new partner takes (1/3) share. Sacrificing ratio is (2:1:3). How much will first and second old partners receive together?
Class 12 · Accountancy
→Old partners' new shares are (3/8) and (3/8), and the new partner takes (1/4) share. Old ratio was (5:3). What is the sacrificing ratio?
Class 12 · Accountancy
→The premium for goodwill brought in by the new partner is ₹75,000. The old partners’ sacrifices are \(\frac{2}{15}\) and \(\frac{1}{5}\), respectively. How much of the premium will the first old partner receive?
Class 12 · Accountancy
→A and B share profits and losses in the ratio 9:6. C is admitted for a 1/5 share and brings ₹60,000 as goodwill premium. If A and B sacrifice in their old ratio, how much of the goodwill premium will B receive?
Class 12 · Accountancy
→If the new partner's goodwill is (₹65000) and he pays it privately to old partners, what entry will be made in the firm's books?
Class 12 · Accountancy
→Goodwill is (₹200000) and the new partner takes (1/5) share. He brings (₹25000) in cash. Sacrificing ratio is (3:2). How much will the first old partner receive from the cash part?
Class 12 · Accountancy
→If old partners withdraw (30%) of the premium, how much part will remain in their capital accounts?
Class 12 · Accountancy
→Premium for goodwill is (₹54000). (₹30000) is brought in cash and the balance is adjusted through the new partner's current account. How much total will old partners be credited?
Class 12 · Accountancy
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