Admission of a ...

A & B are partners and their PSR is 3 : 2 , they admitted C for 1/5 share than new ratio will be ?

Incoming partner agree that, _______ account be raised in the books of the firm by giving the necessary credit to the old partners for their sacrifice.

Ram and Shyam are Partners in 1:1, Rohit got admitted and New Ratio agreed for 5:3:2. Then calculate Sacrifice Ratio.

When the business is sold to a company, the purchase consideration received is transferred to _________.

On the admission of a new partner, the decrease in the value of assets is debited to:

Sacrificing ratio is used at the time of _____________ .

A and B are partners in the ratio of 2 : 1. They admit C for 1/4 share who contributes Rs. 30,000 for his share of goodwill. The total value of the goodwill of the firm is _________.

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. Their capitals on 30th June, 2014 are A - Rs. 10,000, B - Rs. 6,000 and C - Rs. 2.000. The current account balances are, A- Rs. 8,000 (Cr.), B - Rs. 3,000 (Cr.) and C - Rs. 9,000 (Dr.). Loss arising from the insolvency of C will be shared by A and B in:

The reconstitution of a partnership firm may take place in the following way:

A and B are partners sharing profit and losses equally with capitals of Rs.7000 each. They admit C as a partner with 1/4th share in the profits of the firm. C brings Rs.8000 as his share of capital. The necessary journal entry to record goodwill be ___________________.