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Class 12 · Accountancy
→Profits are ₹20000 ₹30000 and ₹50000 with weights (1,2,3). What is the weighted average profit?
Class 12 · Accountancy
→When is weighted average profit method more suitable?
Class 12 · Accountancy
→Partner A's old profit-sharing ratio is 1/2 and the new profit-sharing ratio is 2/5. What is A's sacrifice ratio?
Class 12 · Accountancy
→What is the correct formula for sacrificing ratio?
Class 12 · Accountancy
→Which formula gives the incoming partner's share of goodwill?
Class 12 · Accountancy
→A and B share profits in (3:1). C is admitted for (1/4) share. A sacrifices (1/8) and B sacrifices (1/8). Goodwill is ₹80000. How much goodwill will B receive?
Class 12 · Accountancy
→If the incoming partner's personal reputation increases the firm's goodwill what is still the main accounting basis for admission adjustment?
Class 12 · Accountancy
→While calculating average profit for goodwill valuation what is done with future manager salary not previously charged?
Class 12 · Accountancy
→A and B share profits in (2:1). After admission of C the new ratio is (3:2:1). Goodwill of ₹60000 is raised and then written off. How much will be debited to C's capital account?
Class 12 · Accountancy
→When Goodwill Account is written off after admission all partners' capital accounts are debited in which ratio?
Class 12 · Accountancy
→When Goodwill Account is opened old partners' capital accounts are credited in which ratio?
Class 12 · Accountancy
→If Goodwill Account is opened on admission of a partner at what value is it opened?
Class 12 · Accountancy
→Adjusted profits of last three years are ₹30000 ₹45000 and ₹75000. Goodwill is valued at (2) years' purchase of average profit. What is goodwill?
Class 12 · Accountancy
→How is abnormal gain treated before calculating average profit for goodwill valuation?
Class 12 · Accountancy
→How is abnormal loss treated before calculating average profit for goodwill valuation?
Class 12 · Accountancy
→What does debiting goodwill amount to the new partner's capital account indicate?
Class 12 · Accountancy
→On which side of old partners' capital accounts is goodwill adjustment recorded when they receive compensation for sacrifice?
Class 12 · Accountancy
→A and B share profits in (7:3). C is admitted for (2/10) share. A and B sacrifice C's share equally. Goodwill is ₹100000. How much goodwill will A receive?
Class 12 · Accountancy
→The incoming partner brings only half of his goodwill share in cash. Which account is usually debited for the unpaid part?
Class 12 · Accountancy
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