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Class 12 · Accountancy
→C brings ₹80000 as capital for (1/4) share. Total capital of old partners is ₹210000. What is hidden goodwill?
Class 12 · Accountancy
→A and B share profits in (4:1). C is admitted for (1/5) share and A alone sacrifices the whole share. Goodwill is ₹75000. How much goodwill will A receive?
Class 12 · Accountancy
→If an old partner gains instead of sacrificing profit how is that partner treated in goodwill adjustment?
Class 12 · Accountancy
→On admission of a partner old partners are credited for goodwill in which ratio?
Class 12 · Accountancy
→Average profit is ₹90000 and normal rate of return is (10%). Actual capital of the firm is ₹700000. What is goodwill under capitalization method?
Class 12 · Accountancy
→In the capitalization method actual capital of the firm is deducted from what?
Class 12 · Accountancy
→Average profit is ₹70000. Normal profit is ₹50000. Goodwill is valued at three years' purchase of super profit. What is goodwill?
Class 12 · Accountancy
→On what basis is goodwill calculated under the super profit method?
Class 12 · Accountancy
→Profits for three years are ₹40000 ₹50000 and ₹60000. Goodwill is valued at two years' purchase of average profit. What is goodwill?
Class 12 · Accountancy
→How is goodwill calculated under the average profit method?
Class 12 · Accountancy
→A and B share profits in (3:2). C is admitted for (1/4) share. C's share of goodwill is ₹12000. What is the total goodwill of the firm?
Class 12 · Accountancy
→The new partner is unable to bring goodwill in cash. How is goodwill compensation given to old partners?
Class 12 · Accountancy
→A and B share profits in (5:3). C is admitted for (1/4) share. The new ratio of A and B is (2:1). What is A's sacrifice?
Class 12 · Accountancy
→Goodwill brought by the new partner is immediately withdrawn by old partners. What is the effect on Cash Account?
Class 12 · Accountancy
→Goodwill is recorded in the books only when which condition is satisfied?
Class 12 · Accountancy
→If old goodwill already appears in the books at ₹30000 and partners A and B share profits in (2:1) how will it be written off before admission?
Class 12 · Accountancy
→Sacrificing ratio is used for which purpose?
Class 12 · Accountancy
→A and B share profits in (3:2). C is admitted for (1/5) share. A and B share the remaining profit in old ratio. Goodwill is ₹50000. What is C's share of goodwill?
Class 12 · Accountancy
→When the incoming partner brings his share of goodwill in cash and it is retained in the firm which account is credited?
Class 12 · Accountancy
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