Admission of a ...

A, B and C are partners sharing profits in the ratio of 3 : 2 : 3, their capitals on 30th June, 2014 are A Rs. 10,000, B Rs. 5,000 and C Rs. 6,000 (Dr.). C becomes insolvent and loss due to his insolvency will be shared by A and B in _____________

A and B are sharing profits and losses in the ratio of 4 :1. C is admitted as a new partner for 1/3rd share of profits for which he pays Rs. 30,000 as goodwill. If A and B agree to share future profits equally, then the amount of goodwill to be credited to A would be :

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit Z as a partner with 1/4th share of profit. Z acquires his share from X and Y in the ratio of 2 : 1. Z's share of goodwill is calculated at Rs. 6000. Z is not in position to bring any amount for goodwill. What additional entry will be required if after Z's admission, it is decided that the goodwill account should not appear in the Balance Sheet of new firm ?

Which of the following may be utilized by a limited company for the redemption of redeemable preference shares?

Goodwill is regarded as an___________ asset.

The capitalised value attached to the differential profit capacity of a business is called _________.

According to the provisions of _____________ unless it is otherwise provided in the partnership deed a new partner can be admitted only when the existing partners unanimously agree for it.

A partner may retire with the consent of:

Partnership may also stand reconstituted on _________ of a partner, if the remaining partners decide to continue the business of the firm as usual.

Ram, Mohan and Sohan are partners in a firm sharing profits in the ratio 3:2:1. With effect from April 1, 2007 they decided to share profits equally as Sohan brings in additional capital.
This is an example of ______________.