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Class 12 · Accountancy

If total goodwill is rupees seven lakh twenty thousand and the new partner's share is three tenths what will be his goodwill premium?

Class 12 · Accountancy

A and B share profits in the old ratio of 7:3, while their new ratio is 3:2. Which partner is sacrificing due to this change?

Class 12 · Accountancy

A and B share profits in three ratio one. C takes one fifth share entirely from B. What will be the sacrificing ratio?

Class 12 · Accountancy

How will an expense that will stop in future be treated in goodwill valuation?

Class 12 · Accountancy

If the firm suffered an abnormal loss due to machine accident last year what should be done while calculating average profit?

Class 12 · Accountancy

If past profits include one time legal compensation income how will it be treated for goodwill valuation?

Class 12 · Accountancy

If capitalized value is rupees forty two lakh and actual capital employed is rupees twenty nine lakh what is goodwill?

Class 12 · Accountancy

If average profit is rupees six lakh and normal rate of return is fifteen percent under capitalization of average profit method what will be the capitalized value?

Class 12 · Accountancy

If average profit is rupees four lakh fifty thousand and normal profit is rupees two lakh seventy thousand and years purchase are two and a half then what is goodwill by super profit method?

Class 12 · Accountancy

Profits are (₹240000), (₹280000), (₹360000). Future expense will increase by (₹20000) per year. Normal profit is (₹230000). What will be super profit?

Class 12 · Accountancy

A and B share profits in (3:2). C is admitted for (1/4) share. New ratio is (2:1:1) and goodwill is (₹400000). How much will B be credited?

Class 12 · Accountancy

A and B share profits in the ratio 3:2. C is admitted as a partner for a 1/4 share of profits. The new profit-sharing ratio is 2:1:1. What is the sacrificing ratio of A and B?

Class 12 · Accountancy

Which principle is most correct while making internal adjustment of goodwill in partnership?

Class 12 · Accountancy

The average profit is ₹2,70,000, the normal rate of return is 15%, and the actual capital is ₹15,00,000. What is the firm’s goodwill under the capitalization of average profit method?

Class 12 · Accountancy

Profit (₹300000) includes abnormal profit (₹45000). Future expense saving will be (₹15000). What is adjusted future profit?

Class 12 · Accountancy

If a new partner does not bring goodwill in cash and one old partner is also gaining, what happens to that gaining old partner?

Class 12 · Accountancy

Goodwill is (₹320000). A and B's old ratio is (3:5) and new ratio is (5:3). Who will be credited and by how much?

Class 12 · Accountancy

Retiring partner's share of goodwill is (₹135000). Continuing partners' gaining ratio is (4:5). How much will the second continuing partner be debited?

Class 12 · Accountancy

A, B and C share profits in (2:3:5). B retires and A and C will share future profits in (1:2). What is gaining ratio?

Class 12 · Accountancy

Goodwill is (₹900000). New partner takes (1/9) share and sacrificing ratio is (2:1). How much will the second old partner be credited?