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Class 12 · Accountancy
→If the new partner brings only half of his goodwill in cash how is the remaining amount adjusted?
Class 12 · Accountancy
→A and B share profits in (4:1). C enters for (1/5) share and brings ₹20000 goodwill. A and B sacrifice in old ratio. How much goodwill will A receive?
Class 12 · Accountancy
→When is the goodwill amount credited to old partners?
Class 12 · Accountancy
→If an old partner receives a higher profit share after admission what is it called?
Class 12 · Accountancy
→Which is the correct formula for calculating sacrificing ratio on admission of a new partner?
Class 12 · Accountancy
→If a firm’s capitalized value is ₹5,00,000 and its actual capital is ₹4,20,000, what is the value of goodwill under the capitalization method?
Class 12 · Accountancy
→In capitalization method if capitalized value is more than actual capital what is the difference treated as?
Class 12 · Accountancy
→If the new partner privately pays goodwill to old partners what is done in the firm's books?
Class 12 · Accountancy
→A and B share profits in (2:1). C gets (1/6) share. Goodwill is valued at ₹90000 and sacrifice is in old ratio. How much goodwill should C bring?
Class 12 · Accountancy
→If average profit is ₹90000 and normal profit is ₹60000 what will be the super profit?
Class 12 · Accountancy
→What does super profit mean in the super profit method of goodwill?
Class 12 · Accountancy
→A firm values goodwill by average profit method. Average profit is ₹50000 and years' purchase is 3. What will be the goodwill?
Class 12 · Accountancy
→If old partners immediately withdraw the goodwill amount brought by the new partner which account is debited?
Class 12 · Accountancy
→A and B share profits in (5:3). C is admitted for (1/4) share. If A and B sacrifice in old ratio what is A's sacrifice?
Class 12 · Accountancy
→If goodwill already appears in old books at ₹40000 before admission to whom is it debited for writing off?
Class 12 · Accountancy
→When is it generally not considered appropriate to keep goodwill account permanently in the books?
Class 12 · Accountancy
→A firm's goodwill is valued at ₹60000 and the new partner gets (1/4) share. What is his share of goodwill?
Class 12 · Accountancy
→If the new partner is unable to bring his share of goodwill in cash which account is generally debited?
Class 12 · Accountancy
→On what basis is goodwill compensation distributed among old partners?
Class 12 · Accountancy
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