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Class 12 · Accountancy
→The new partner could not bring full goodwill premium. Through which account is the shortfall adjusted?
Class 12 · Accountancy
→If goodwill premium is immediately withdrawn by old partners, which entry is passed?
Class 12 · Accountancy
→A and B sacrifice in (2:1). C brings ₹45000 as goodwill premium. How much will A receive?
Class 12 · Accountancy
→The firm's goodwill is ₹150000 and the new partner gets (1/5) share. What is his goodwill premium?
Class 12 · Accountancy
→On what basis is the new partner's share of goodwill calculated?
Class 12 · Accountancy
→C brings ₹100000 capital for (1/4) share. What is the implied value of the firm based on total capital?
Class 12 · Accountancy
→When is hidden goodwill generally calculated?
Class 12 · Accountancy
→A firm's capitalized value is ₹9,00,000 and its actual capital is ₹7,60,000. What is the value of the firm's goodwill?
Class 12 · Accountancy
→If the average profit is ₹80,000 and the normal rate of return is 10%, what will be the capitalized value of the business?
Class 12 · Accountancy
→How is goodwill calculated under the capitalization method?
Class 12 · Accountancy
→Super profit is ₹30,000 and goodwill is valued at three years' purchase. What is the value of goodwill?
Class 12 · Accountancy
→Normal profit is ₹70000 and actual average profit is ₹95000. What is super profit?
Class 12 · Accountancy
→If profits for three years are ₹40,000, ₹50,000 and ₹60,000 and goodwill is valued at two years' purchase, what is goodwill?
Class 12 · Accountancy
→The firm's average profit is ₹60000 and goodwill is valued at two years' purchase. What is the value of goodwill?
Class 12 · Accountancy
→A and B share profits in (5:3). C is admitted for (1/4) share sacrificed by A and B in old ratio. What is the sacrificing ratio?
Class 12 · Accountancy
→A and B share profits in (3:2). C is admitted for (1/5) share and A and B sacrifice equally. What is the sacrificing ratio?
Class 12 · Accountancy
→Which account is debited when old goodwill is written off?
Class 12 · Accountancy
→Why is goodwill appearing in the old balance sheet written off on admission of a new partner?
Class 12 · Accountancy
→If the new partner pays goodwill premium privately to old partners, what happens in the firm's books?
Class 12 · Accountancy
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