What is meant by “Hidden Goodwill”? (C.B.S.E. 2017, Comptt.) Post category:Accountancy Reading time:1 mins read SOLUTION When the value of goodwill of the firm is not given but has to be inferred on the basis of net worth of the firm, it is called hidden goodwill. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostUnder what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account? Next PostWhy should a new partner contribute towards goodwill on his admission? (C.B.S.E. 2017, Comptt.) You Might Also Like State any one right acquired by a newly admitted partner. (CBSE 2020 C) October 7, 2022 The partnership deed is silent on payment of salary’ to partners. Amita, a partner claimed that since she managed the business, she should get a monthly salary of Rs. 10,000. Is she entitled for the salary? Give reason. September 26, 2022 Exe Ltd. purchased the assets of the book value Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs. 3,80,000 be paid by issuing debentures of Rs. 100 each. Pass journal entries if debenture is issued: (a) at par (b) at a discount of 10% and (c) at a premium of 10%. It was agreed that any fraction of debentures be paid in cash. July 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
The partnership deed is silent on payment of salary’ to partners. Amita, a partner claimed that since she managed the business, she should get a monthly salary of Rs. 10,000. Is she entitled for the salary? Give reason. September 26, 2022
Exe Ltd. purchased the assets of the book value Rs. 4,00,000 and took over the liabilities of Rs. 50,000 from Mohan Bros. It was agreed that the purchase consideration, settled at Rs. 3,80,000 be paid by issuing debentures of Rs. 100 each. Pass journal entries if debenture is issued: (a) at par (b) at a discount of 10% and (c) at a premium of 10%. It was agreed that any fraction of debentures be paid in cash. July 16, 2022