CUET Accountancy - Hidden Goodwill is : | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Partnership

Medium

not disclosed to partners

Inferred from the arrangement of capital and profit sharing ratio

Brought into the book of accounts as an unrecorded Assets

not considered while calculating the capital contribution of new partner

✅ Correct Option: 2

Related questions:

13 May Shift 2

A and B are partners sharing profits in the ratio of 3:2. They admit C for 1/5th share in the future profits which he gets equally from both A and B. The new profit sharing ratio will be:

22 May Shift 2

Goodwill can also be ascertained by capitalising the super profit directly under which method?

13 May Shift 2

Which of the following factors leads to a higher goodwill for firms?

(A) Firms having long term contracts for supply of materials

(B) Firms with efficient management

(D) Firms which do not have competitive advantages

Choose the correct answer from the options given below:

CUET Accountancy 2023 11 June Shift 3 PYQs

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