Admission of a ...

Unrecorded liabilities at the time of admission of a partner is....

At the time of admission or retirement of a partner which of the following account is opened to give effect to revaluation of assets and liabilities

A,B and C are three partner sharing profit and loss in the ratio of 2:3:1, B retires from the firm. hat is the new profit sharing ratio of the remaining partners. What is the gaining ratio of the remaining partners.

Which of the following statement is true?

When goodwill account is subsequently written off after admission of a new partner the capital A/c of all the partners is debited in

As per the Partnership Act partners are entitled to share profit

Excell Associates is a partnership firm, it intent to revalue its goodwill, average profits for the past five years are Rs 25000 p.a. Goodwill is being valued 3 years purchase of average profit. Good will of the firm will be valued at Rs __pa

A,B and C are three partner sharing profit and loss in the ratio of 2:3:1, B retires from the firm. hat is the new profit sharing ratio of the remaining partners

Reconstitution of a firm is warranted when there is......

Which of these powers are not available to the State Government under the Indian Partnership Act?