Partnership Accounts Goodwill Class 12 MCQ
The CBSE board examinations pattern is changing, with a growing emphasis on Multiple Choice Questions (MCQs) and Competency Based Questions (CBQs). To stay ahead, it's crucial to adapt your study approach, shifting focus from traditional long-answer numerical questions to questions as per new pattern.
MCQ Goodwill class 12
Goodwill valuation is an important topic in class 12 accountancy syllabus. Goodwill accounting is done whenever there is reconstitution of partnership firm. Whether there is change in profit sharing ratio, or there is admission of a new partner or there is retirement or death of some partner, for valuation of goodwill three methods are used - Average profits method, Super profits method and capitalization method. Additionally understanding the meaning of goodwill and the factors that affect goodwill is also very important. The below MCQ questions help you clear your concepts in all the above topics related to partnership accounts Goodwill
MCQ of Partnership Accounts Goodwill class 12 syllabus are useful for the following courses :
- Class 12 board exams including CBSE/ICSE/State Boards
- CUET-UG
- CA Foundation
- CS Foundation
- CMA Foundation
- Competitive exams incorporating similar syllabus
Key Benefits:
- Concept clarity
- Enhanced skills for solving numerical questions
- Comprehensive preparation for competitive exams
- Fun, interactive learning experience
Below you will find the topic wise MCQ Partnership Fundamentals.
MCQ Partnership accounts Goodwill
Meaning of Goodwill - MCQ Test 1
Meaning of Goodwill - MCQ Test 2
Meaning of Goodwill - MCQ Test 3
Average Profit Method - MCQ Test 1
Average Profit Method - MCQ Test 2
Super Profit Method - MCQ Test 1
Super Profit Method - MCQ Test 2
Capitalization Method - MCQ Test 1
Calculation of Capital Employed - MCQ Test 1