Question 1 :
Which of the following factors generally contribute to the value of goodwill of a firm?

Question 2 :
If vendors are issued fully paid shares of $Rs. 80,000$ in the consideration of net assets of $Rs. 60,000$, then the balance of $Rs. 20,000$ will be _____________________.

Question 3 :
In which of the following cases, the need for the valuation of goodwill in a firm may arise?

Question 4 :
After crediting the ______ partners by the amount of goodwill brought in by the ______ partner, the existing goodwill must be written off by debiting the old partners in their old profit sharing ratio. 

Question 5 :
The capital of A and B sharing profits and losses equally are Rs.90,000 and Rs.30,000 respectively.They value the goodwill of the firm at Rs.80,000, which was not recorded in the books.If goodwill is to be raised now, by what amount each partner's capital amount will be debited?

Question 6 :
Under revaluation method, __________ account is credited in their profit sharing ratio when no goodwill exists in the books at the time of admission of a new partner.

Question 7 :
Sales for the year ended amounted to Rs. 10,00,000. Sales included goods sold to Mr.A for Rs. 50,000 at a profit of 20% on cost.Such goods are still lying in the godown at the buyer's risk. Such goods should be treated as part of :

Question 8 :
If the incoming partner is to bring in premium for goodwill in cash and also balance exist, in the goodwill Account, then this Goodwill Account is written off among the old partners in _________ .

Question 9 :
<span>Ram of Bombay sends out goods costing 80,000 to Mohan of Kanpur so as<br/>to show 20% profit on invoice value. 3/5th &#160;of the goods received by consignee is sold at 5% above invoice price. The amount of sale value will be:</span>

Question 10 :
Which of the following is the method for valuation for Goodwill?<br/>

Question 12 :
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 __________.

Question 13 :
At the time of entry of a new partner no money is paid toward goodwill by the new partner. It is&nbsp;

Question 15 :
Which of the following factors affect the goodwill of a firm ___________.<br/>

Question 16 :
When goodwill is to be after the admission of a partner in which ratio it is transferred to capital account of the partners?

Question 17 :
X &amp; Y share profits and losses as 1:2.&nbsp; They agree to admit Z (Who is also in business on his own) as a third partner.<br>At the time of admission of Z goodwill was appearing in&nbsp;balance sheet at Rs 14,000 which was revalued at Rs 18,000. Z&nbsp;brings&nbsp;the following assets into partnership:<br>Goodwill - Rs 6,000 Furniture - Rs 2,800 Stock - Rs 13,600<br>After admission of Z, goodwill appear at ............... in the balance sheet.

Question 19 :
Goodwill should be tested for value impairment at which of the following levels?<br><br>

Question 20 :
A, B and C were equal partners of a firm with goodwill Rs. 1,20,000 shown in the balance sheet and they agreed to take D as an equal partner on the term that he should bring Rs. 3,20,000 as his capital and goodwill, his share of goodwill was evaluated at Rs. 1,20,000 and the goodwill account is to be written off before admission. What will be the treatment for goodwill?

Question 21 :
A company purchased a new Plant and Machinery worth $RS. 1$ crore from $XYZ$ Associates and issued him $1100000$ equity shares of $Rs. 10$ each. The excess of consideration over and above the purchase price will be treated as ___________.

Question 22 :
Goodwill brought in by incoming partner in cash is taken away by the old partners in ___________.

Question 23 :
A, B and C are partners sharing profits and losses in the ratio of $3:2:1$. C retires on a decided date and Goodwill of the firm is to be valued at Rs. $1,20,000$. Find the amount payable to retiring partner on account of goodwill?&#160;