Chapter No. 3 – Partnership Accounts – II (Goodwill) – Unimax Publications Class +2 – Solution

Chapter No. 3 – Partnership Accounts – II (Goodwill) – Unimax Publications Class +2 – Solution of the all practical problems with the animation and videos. First of all you can read the meaning of the Goodwill as following.

Goodwill is the value of a company or firm in the eyes of the customer. If any business has more market share then it will have a higher value of goodwill. 

What is Goodwill: –

When one business acquired in a whole or some percentage of share of another business for the amount which is more than the total assets of that business. That amount of difference which is paid extra is known as goodwill. It is a tangible asset. 

Now question is that why business pay extra from the total value of the assets of the business?

There any reasons for that but some of the important are shown as under:

• Higher market share 
• More customer reliability
• Satisfied employees 
• or have a proprietary technology

Please check the article:

What is Goodwill -Definitions and Factors affecting its value

Chapter No. 3 – Partnership Accounts – II (Goodwill) – Unimax Publications Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 3 – Partnership Accounts – II (Goodwill) – Unimax Publications Class +2 – Solutions are shown below: –

Question 1 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 1 Chapter 3 - Unimax Class 12 Part 1 1. Calculate the value of goodwill as on 1.4.21 if ...

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Question 2 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 2 Chapter 3 - Unimax Class 12 Part 1 2. Calculate the firm’s Goodwill as on 1.1.21 on the ...

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Question 6 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 6 Chapter 3 - Unimax Class 12 Part 1 6. The profits of a firm for the last five ...

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Question 9 Chapter 3 – Unimax Class 12 Part 1 – 2021

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Question 9 Chapter 3 - Unimax Class 12 Part 1 9. It was estimated that firm will every year make ...

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Question 10 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 10 Chapter 3 - Unimax Class 12 Part 1 10. A Firm earned net profit during the last five ...

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Question 13 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 13 Chapter 3 - Unimax Class 12 Part 1 13. The assets of a firm are Rs. 55000 and ...

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Question 14 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 14 Chapter 3 - Unimax Class 12 Part 1 14. The average net Profits expected in future by firm ...

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Question 15 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 15 Chapter 3 - Unimax Class 12 Part 1 15. On 1st April, 2021 an existing firm has assets ...

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Question 16 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 16 Chapter 3 - Unimax Class 12 Part 1 16. Goodwill is to be valued at two years’ purchase ...

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Question 17 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 17 Chapter 3 - Unimax Class 12 Part 1 17. Goodwill is to be valued at 3 years’ purchase ...

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Question 18 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 18 Chapter 3 - Unimax Class 12 Part 1 18. The following particulars are available in respect of the ...

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Question 28 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 28 Chapter 3 - Unimax Class 12 Part 1 28. Varun and Sahil are partners in a firm. Their ...

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Question 29 Chapter 3 – Unimax Class 12 Part 1 – 2021

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Question 29 Chapter 3 - Unimax Class 12 Part 1 29.Amar and Akbar are two partners sharing profits and losses ...

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Question 30 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 30 Chapter 3 - Unimax Class 12 Part 1 30. Y and Z are partners with opening capitals of ...

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Question 31 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 31 Chapter 3 - Unimax Class 12 Part 1 31. Kanu and Shruti are partners sharing profits in the ...

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Question 32 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 32 Chapter 3 - Unimax Class 12 Part 1 32. A and B are partners sharing profit in proportion ...

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Question 33 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 33 Chapter 3 - Unimax Class 12 Part 1 33. Alisha, Aman and Meenu are three partners. On 1st ...

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Question 34 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 34 Chapter 3 - Unimax Class 12 Part 1 34. A and B are partners sharing profit in the ...

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Question 35 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 35 Chapter 3 - Unimax Class 12 Part 1 35. Aman and Guneet are partners. As on 1st April, ...

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Question 36 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 36 Chapter 3 - Unimax Class 12 Part 1 36. A, B and C are three partners sharing profits ...

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Question 37 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 37 Chapter 3 - Unimax Class 12 Part 1 37. The partnership agreement of Kanu and Shruti provides that ...

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Question 38 Chapter 3 – Unimax Class 12 Part 1 – 2021

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Question 38 Chapter 3 - Unimax Class 12 Part 1 38. X and Y are partners. As on 1st April, ...

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Question 39 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 39 Chapter 3 - Unimax Class 12 Part 1 39. On 1st April, 2020 A, B and C start ...

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Question 40 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 40 Chapter 3 - Unimax Class 12 Part 1 40. Prepare the Capital Accounts of partners P and Q ...

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Question 44 Chapter 3 – Unimax Class 12 Part 1 – 2021

Question 44 Chapter 3 - Unimax Class 12 Part 1 44. X, Y and Z are in partnership sharing profits ...

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