Admission of a ...

Under annuity basis goodwill is calculated by using ___________.

A and B are partners with capitals of Rs. $$10,000$$ and Rs. $$20,000$$ respectively and sharing profits equally. They admitted C as their third partner with one-fourth profits of the firm on the payment of Rs. $$12,000$$. The amount of hidden goodwill is __________.

A, B and C are equal partners. D is admitted to the firm for one-fourth share. D brings Rs. $$20,000$$ as capital and Rs. $$5,000$$ being half of the premium for goodwill. The value of goodwill of the firm is _____________.

Under average profit basis goodwill is calculated using following formula:

What balance does a Partner's Current Account has?

P and Q are partners sharing profits in the ratio of $$2:1$$. R is admitted to the partnership with effect from $$1^{st}$$ April on the term that he will bring Rs. $$20,000$$ as his capital for $$1/4^{th}$$ share and pays Rs. $$9,000$$ for goodwill, half of which is to be withdrawn by P and Q. How much cash can P & Q withdraw from the firm (if any)?

Under capitalization basis goodwill is calculated by using __________.

In the case of downward revaluation of an asset, which is for the first time revalued, ___________ account is debited.

A and B are partners with the capital Rs.50,000 and Rs.40,000 respectively.They share profits and losses equally. C is admitted on bringing Rs.50,000 as capital only and nothing was brought against goodwill. Goodwill in Balance sheet of Rs.10,000 is revalued as 30,000.What will be value of goodwill in the books after the admission of C?

A, B and C were partners sharing profits and losses in the ratio of 3 :2 :1. A retired and Goodwill of the firm is to be valued at Rs. 48,000 and Goodwill Account is to be raised which is not appearing in the balance sheet. What will be the treatment for Goodwill?