12th sep accountancy 12th cbse

Hina and Neena are partners in a firm. Neena withdrew 10,000 per month at the beginning of each month during the year ended 31st March, 2022. Interest on drawings was to be charged @ 6% per annum.

(a) ₹3,900.

Interest on Neena's drawings for the year ended 31st March, 2022 will be

• ₹3,900

• ₹325

• ₹3,600

• ₹3,300

Average capital employed in a firm is 3,00,000. The normal rate of return in the business is 20% and the firm's average profits are₹80,000. Value of goodwill by capitalisation of super profit method is

• ₹ 8,00,000

• ₹ 1,00,000

• ₹ 2,00,000

• ₹ 6,00,000

Isha and Naman were partners in a firm sharing profits and losses in the ratio of 2: 3. With effect from 1st April, 2022, they agreed to share profits and losses equally. Due to change in the profit-sharing ratio, Isha's gain or sacrifice will be

• Sacrifice 1/10

• Gain 1/10

• Sacrifice 2/5

• Gain 2/5

Surbhi and Leena were partners in a firm sharing profits and losses in the ratio of 5: 3. Ashi was admitted as a new partner for 1/4 share in the profits of the firm. Ashi acquired 3/5 of her share from Surbhi. From the following, how much share did Ashi acquire from Leena?

• 1/10

• 3/20

• 2/5

• 3/8

, S and T were partners sharing profits in the ratio 3:2:1. G retired and his the firm including capital balance, accumulated profits and losses share, revaluation gain amounted to 5,80,000. G was being paid 7,00,000 in full settlement. For giving that additional amount of 1,20,000, S was debited for 40,000. Determine goodwill of the firm.

• ₹ 1,20,000

• ₹ 80,000

• ₹ 2,40,000

• ₹ 3,60,000