Retirement or D...

A , B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2. C died on 31st March 2010. What will be the new ratio of A and B:

According to AS 26, which goodwill is recorded in the books :

Except outgoing partner, which other partner can be credited at the time of settlement of goodwill amount?

Retirement or death of a partner will create a situation for the continuing partners, which is known as:

New Ratio – Old Ratio = ?

Balance of forfeiture a/c after the shares have been re-issued is transferred to:

How sacrificing ratio is differ from gaining ratio on the basis of mode of calculation

L, M and N are partners sharing ratio 3:2:1. M died and N the son of M is of the opinion that the rightful owner of his father’s share of profit and the profit of the firm be shared between L and N equally. L does not agree to settle the dispute because there is partnership deed which is showing old profit sharing ratio 3:2:1.

Why is outgoing partner entitled to a share of goodwill of the firm

Which of the following is effect of the retirement of a partner?