Retirement or D...

Retirement /death of a partner leads to ____________.

X, Y, and Z are three partners. On the retirement of X  assets and liabilities are revalued as under provision for doubtful debts reduced by Rs.1250, stock in trade increased by Rs.550, Building in increased by rs 4500. The remaining partner decides to re-state the assets and liabilities at the old book value after the retirement of X.The revaluation would be given effect by ___________.

Increase in any asset at the time of retirement of a partner is ______________.

R,S,G are three partners sharing profit and loss in the ration of 8:7:5,S retires and his share of profit is taken by R,G in the ratio of 1:2. Find the new profit sharing ratio.

The amount which a new partner pays for the sacrifice made by other partners is called _______.

Goodwill brought in by a new partner is a _______.

A,B, and C are three partners sharing profit and loss in the ratio of 4:3:2. A retires and B and C decides to share future profit in the ratio of 2:1. Find the gaining ratio.

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

A company purchased a new Plant and Machinery worth $$RS. 1$$ crore from $$XYZ$$ Associates and issued him $$1100000$$ equity shares of $$Rs. 10$$ each. The excess of consideration over and above the purchase price will be treated as ___________.

Which of these terms is not true in respect of goodwill?