Retirement or D...

A and B are partners in the ratio of $$7 : 5$$. They admit C for $$1/5$$ share. What is the new profit sharing ratio?

The executors of the deceased partner are entitled to a share of profit earned by the firm from the date of last balance sheet and to the date of death. Which of the entry will be passed for this purpose? (Name of the deceased partner was Mr.X)

Which of the following factor generally contribute to the value of goodwill of a firm?

Weighted average method of calculating goodwill should be followed when ___________.

Which of the following factor generally contribute to the value of goodwill of a firm?

Under average profit basis goodwill is calculated by :

Which of the following asset is compulsory to revalue at the time of admission of a new partner?

In which of the following case the need for the valuation of goodwill in a firm may arise?

The correct entry for recording losses on revaluation would be:

Gaining Ratio = _______ Minus _______ .