Premium brought by the new partner will be shared by the existing partners in:
Consider the following statement regarding MS Excel:
Which of the above statements is/are incorrect?
Goodwill brought by Suraj will be distributed as :
Share of revaluation profit of Amrita and Kalyani is :
What is Amrita's share in workmen compensation fund?
What journal entry will be passed for goodwill appearing in the books?
According to section 31(1) of _____ new partner can be admitted only with consent of all existing partners
Ways in which incoming partner may acquire his share except:
Incoming partner may acquire his share from the old partners
(i) In their old profit sharing ratio
(ii) In a particular ratio
(iii) In particular fraction from some of the partners
In which of the above mentioned alternatives
X and Y are partners sharing profits in the ratio of 3:2. Z is admitted for 1/5 share. All partners have decided to share future profits equally. The profit of new partnership firm was Rs.30,000. This profit will be shared by all the partners in _______
Why new profit ratio is determine even for old partners?
When a new partner is admitted he acquires his share of profits , this will ____ the old partner’s shares in profits:
__________ means good name, good product or reputation earned by a firm through the hard work and honesty of its owners
Sometimes the value of goodwill is not given at the time of admission of a new partner. In such a situation it has to be inferred from the arrangement of the capital and profit sharing ratio. This concept is called
Which of the following is not an example of Reconstitution of partnership firm?
Amount brought by a new partner for his share in goodwill is known as _____
At the time of admission of a new partner, new profit sharing ratio is calculated. The new partner acquires his share from the old partners and as a result profit shares of old partners is reduced. What is it known
Section ____ of the Indian Partnership Act provides that a new partner shall not be inducted into a firm without the consent of all existing partners
The amount of goodwill brought in by the new partner is shared by the ____ partners in their ____ ratio
What adjustments are mainly done at the time of admission of a new partner?
(i) Adjustment in Profit sharing ratio
(ii) Goodwill
(iii) Accumulated profits, Reserves and losses
Is admission of a new partner is a reconstitution of partnership firm:
Sacrificing ratio is differ from new profit sharing ratio
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