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Admission of a ...

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  • Question 1
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    Which of the following formula is used to calculate goodwill under super profit method?

  • Question 2
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    After crediting the ______ partners by the amount of goodwill brought in by the ______ partner, the existing goodwill must be written off by debiting the old partners in their old profit sharing ratio. 

  • Question 3
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    The remuneration of an auditor of a partnership firm is fixed by ___________________.

  • Question 4
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    Which of the following formula is used to calculate goodwill under weighted average profit method ?

  • Question 5
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    In which of the following cases, the need for the valuation of goodwill in a firm may arise?

  • Question 6
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    Under revaluation method, __________ account is credited in their profit sharing ratio when no goodwill exists in the books at the time of admission of a new partner.

  • Question 7
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    Which of the following formula is used to calculate goodwill under simple average profit method?

  • Question 8
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    Which of the following factors generally contribute to the value of goodwill of a firm?

  • Question 9
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    General Reserve at the time of admission of a partner is transferred to ____________ .

  • Question 10
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    $$Z$$ is admitted to a firm for $$1/4^{th}$$ share in the profit, for which he brings in Rs.$$10,000$$ towards premium for goodwill. It will be taken by the old partners in ____________ .

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