Self Studies

Admission of a ...

TIME LEFT -
  • Question 1
    1 / -0

    Share of goodwill brought in cash by the new partner is shared by the old partners _________. 

  • Question 2
    1 / -0

    R admitted as a new partner for one-fourth share of future profits, fails to bring in cash of $$Rs. 20,000$$ towards goodwill, but the existing (old) partners S and T, sharing profits in the ratio of $$3 : 2$$, raised the goodwill account at its full value. Therefore, the partners will be credited for goodwill as _________. 

  • Question 3
    1 / -0

    Super profit is __________. 

  • Question 4
    1 / -0

    Goodwill arises because __________.

  • Question 5
    1 / -0

    A, B, C and D are partners in a firm, sharing profits in the ratio of $$2 : 1 : 2 : 1$$. On the retirement of C the Goodwill was valued at $$Rs, 72,000$$. A, B and D decided to share future profits equally. The necessary journal entry without opening goodwill account will be:

  • Question 6
    1 / -0

    When a new partner does not being goodwill in cash and goodwill A/c is raised in the book at fun value, it is distributed amongest old partners in the ___________. 

  • Question 7
    1 / -0

    A and B are equal partners in a firm. They admitted C as one-sixth partner who brought in  Rs.1,20,000Rs.1,20,000 is to be paid to the old partners as per profit sacrificing ratio, B will receive __________. 

  • Question 8
    1 / -0

    Goodwill of a firm of partners A and B is valued at $$Rs, 50,000$$. A and B share profits in the ratio of $$3 : 1$$ and C is admitted for $$1/5^{th}$$ share. If C does not bring goodwill in cash and also goodwill account is not to be raised, what adjustment entry should be passed?

  • Question 9
    1 / -0

    Which of the following factor generally contribute to the value of goodwill of a firm?

  • Question 10
    1 / -0

    Find the goodwill of the firm using capitalisation, method from the following information:
    Total Capital Employed in the firm Rs.8,00,000;
    Reasonable Rate of Return 15%;
    Profits for the year Rs. 12,00,000.

Submit Test
Self Studies
User
Question Analysis
  • Answered - 0

  • Unanswered - 10

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Submit Test
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now