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Class 12 · Accountancy
→Under the super profit method, what is super profit?
Class 12 · Accountancy
→Average profit is ₹15,000 and years' purchase is 4. If the new partner takes a 1/5 share, what is his goodwill share?
Class 12 · Accountancy
→If the average profit is ₹20,000 and the years’ purchase is 3, what will be the goodwill of the firm?
Class 12 · Accountancy
→Under the average profit method, by which formula is the value of goodwill generally calculated?
Class 12 · Accountancy
→On admission of a new partner, goodwill amount may be determined on what basis?
Class 12 · Accountancy
→Goodwill already appearing in the books is ₹18,000, and the old partners share profits in the ratio 1:2. When the goodwill is written off, what amount will be debited to the second partner’s account?
Class 12 · Accountancy
→If Goodwill Account appears in books at (₹30000) and old partners share in (2:1), how much will be debited to the first partner?
Class 12 · Accountancy
→Goodwill appearing in old books is written off before admission in which ratio?
Class 12 · Accountancy
→When the old partners withdraw the premium for goodwill from the firm, which account is credited?
Class 12 · Accountancy
→What is the entry for crediting the premium for goodwill to the old partners' capital accounts?
Class 12 · Accountancy
→On the admission of a new partner, in which ratio is the goodwill premium brought by the new partner distributed among the old partners?
Class 12 · Accountancy
→The sacrificing ratio of the old partners is 3:2. The premium for goodwill received from the new partner is ₹25,000. How much of this premium will the first old partner receive?
Class 12 · Accountancy
→The total goodwill of the firm is ₹90,000, and the new partner acquires a 1/3 share in the firm. What will be the goodwill premium brought in by the new partner?
Class 12 · Accountancy
→Total goodwill is (₹60000) and the new partner's share is (1/4). What is the new partner's share of goodwill?
Class 12 · Accountancy
→If the new partner cannot bring his share of goodwill in cash, which account is usually debited?
Class 12 · Accountancy
→In which ratio is the premium for goodwill distributed among the old partners?
Class 12 · Accountancy
→When the premium for goodwill is brought in cash at the time of a partner’s admission, which journal entry is recorded first?
Class 12 · Accountancy
→The goodwill amount brought in by a new partner is given as compensation for whose sacrifice?
Class 12 · Accountancy
→What is the main reason for goodwill on the admission of a new partner?
Class 12 · Accountancy
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