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Class 12 · Accountancy
→What is the effect on capital when the credit balance of a partner’s current account is transferred to the capital account?
Class 12 · Accountancy
→If a partner’s capital account has a credit balance of ₹26,000 and the partner takes over an asset of ₹4,000, what balance remains before payment?
Class 12 · Accountancy
→If a partner takes over a liability of ₹16,000 and goods worth ₹6,000, what is the net effect on the partner’s capital account?
Class 12 · Accountancy
→How is the debit balance of the Profit and Loss Account distributed on dissolution?
Class 12 · Accountancy
→Under the capitalization method, average profit is ₹1,50,000, normal return is 12%, and actual capital is ₹10,00,000. What is goodwill?
Class 12 · Accountancy
→If an examination question specifies the capitalization method for goodwill but a student applies the average profit method, what is the main error?
Class 12 · Accountancy
→If abnormal loss is not added back while calculating maintainable profit, what will be the effect on goodwill?
Class 12 · Accountancy
→While valuing goodwill by the average profit method, what will be the effect if abnormal gain is not deducted from the average profit?
Class 12 · Accountancy
→If a sacrificing partner has been debited what is the correct correction?
Class 12 · Accountancy
→If a gaining partner is wrongly credited what error occurs in goodwill adjustment?
Class 12 · Accountancy
→If goodwill adjustment is to be made through current accounts instead of capital accounts, what does this mean?
Class 12 · Accountancy
→If the partnership agreement clearly states that a new partner's goodwill will be shared equally among the old partners, what treatment should be followed?
Class 12 · Accountancy
→If a firm's location is highly profitable but its lease is due to expire soon, what potential effect may this have on goodwill?
Class 12 · Accountancy
→If the firm's main license expires next month and renewal is uncertain what should be done in goodwill valuation?
Class 12 · Accountancy
→If only cash sales are considered and credit sales are ignored while valuing goodwill what problem arises?
Class 12 · Accountancy
→If actual rate of return is much higher than normal rate what is the most appropriate conclusion about goodwill?
Class 12 · Accountancy
→If average profit is rupees three lakh seventy five thousand and capital employed is rupees twenty five lakh what is the actual rate of return?
Class 12 · Accountancy
→If capital employed decreases and average profit remains same what will happen to super profit?
Class 12 · Accountancy
→If normal rate of return increases and average profit remains same what happens to capitalized value under capitalization of average profit method?
Class 12 · Accountancy
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