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Class 12 · Accountancy
→What is the best order for solving difficult goodwill accounting questions?
Class 12 · Accountancy
→If goodwill is (₹75000) and the new partner takes (2/5) share. Sacrificing ratio is (2:1:2). How much will first and third old partners receive together?
Class 12 · Accountancy
→The new profit-sharing shares of two old partners are 1/2 and 1/4, respectively. The new partner receives 1/4 of the total profit, and the old partners’ former ratio was 3:2. What is the sacrificing ratio of the old partners?
Class 12 · Accountancy
→A new partner brings ₹35,000 as a premium for goodwill. The two old partners sacrifice \(\frac{1}{10}\) and \(\frac{1}{5}\), respectively. How much of the goodwill premium will the first old partner receive?
Class 12 · Accountancy
→A and B share profits in the ratio 5:4. C is admitted as a partner for a 1/3 share of profits and brings ₹27,000 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 (₹40000) and he pays it privately to old partners, what entry will be made in the firm's books?
Class 12 · Accountancy
→Goodwill is (₹100000) and the new partner takes (1/5) share. He brings (₹12000) in cash. Sacrificing ratio is (3:1). How much will the first old partner receive from the cash part?
Class 12 · Accountancy
→If old partners withdraw only half of their credited premium, what will be the effect on their capital accounts?
Class 12 · Accountancy
→Premium for goodwill is (₹30000). (₹18000) 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
→With old ratio (2:3) and new ratio (3:4:3), the new partner's share is (3/10). What is the sacrificing ratio?
Class 12 · Accountancy
→Which statement is correct in goodwill adjustment on admission when an old partner gains and does not sacrifice?
Class 12 · Accountancy
→Total goodwill of the firm is (₹180000). A new partner takes (1/6) share. Sacrificing ratio is (2:3). How much will the second old partner be credited?
Class 12 · Accountancy
→New partner's capital is (₹90000) and his share is (3/10). Old partners' total capital is (₹180000). What will be hidden goodwill?
Class 12 · Accountancy
→A new partner brings (₹50000) capital for (1/4) share. Old partners' capitals are (₹130000) and (₹30000). What is hidden goodwill?
Class 12 · Accountancy
→A and B share profits and losses in the ratio 3:1. C is admitted to the firm for a 1/4 share of profits and brings a premium of ₹20,000 for goodwill. A and B sacrifice in the ratio 2:1. What amount of the goodwill premium will be credited to B’s Capital Account?
Class 12 · Accountancy
→Average profit is (₹120000), normal profit is (₹90000), and years' purchase is (2). A new partner takes (1/6) share. What is his goodwill?
Class 12 · Accountancy
→Capital is (₹400000) and normal rate of return is (15%). Average profit is (₹85000). What is goodwill at (3) years' purchase of super profit?
Class 12 · Accountancy
→Weighted average profit is ₹64,000 and years’ purchase are 2.5. The new partner takes a 1/8 share. What is his goodwill premium?
Class 12 · Accountancy
→The profits for four consecutive years are ₹40,000, ₹50,000, ₹60,000 and ₹70,000, respectively. What will be the value of goodwill at three years’ purchase under the average profit method?
Class 12 · Accountancy
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