Admission of a ...

Which of these is not a method of treatment of goodwill?

Premium method of goodwill valuation is generally followed in the event of

AB are two partners. C is admitted for $$1/3rd$$ share of profit. At the time of his admission the partners decides to revalue the assets and liabilities as under; Stock up by Rs.$$5,000$$, sundry creditors reduced by Rs.$$3,000$$, Provisions for doubtful debts increased by Rs.$$2,000$$, Building up by Rs.$$1,000$$. What is the profit or loss on revaluation of assets and liabilities.

AB are two partners sharing profit and loss equally. C is admitted as a third partner for $$1/3$$rd share of profit for which he brings in Rs. $$5,000$$ as his share of goodwill. Find the goodwill of the entire firm.

Decrease in value of assets at the lime of admission of a partner is

When duration of the partnership is not fixed and there is no provision is made as to whom and how the partnership will comes to an end is called....

X paid Rs. 60,000 as goodwill to the firm at the time of his admission in the firm for 15 years. The firm is dissolved after 5 years due to the reasons other than the misconduct by X. C claim refund of goodwill X is entitled to refund of goodwill to the extent of

Unrecorded liability paid at the time of dissolution of a firm is debited to which of these accounts.

A and B are two partners sharing profit and loss in the ratio of $$2:3$$.C is admitted as a third partner for which he brings Rs. $$6,000$$ in cash as his share of goodwill, the partners decided to share profit and loss in the ratio of $$4:6:6$$ in future. Find the sacrificing ratio.

New incoming partner pays his share of goodwill in cash and profit sharing ratio of old partner is changed, Goodwill be distributed among old partners ____________.