Retirement or D...

 If the firm gets dissolved due to the retirement of one the partners then what amount of JLP will be credited in partner's capital A/c?

X, Y, Z are equal partners in a firm. Z retires from the firm. The new profit sharing ratio between X and Y is $$1:2$$. Find the gaining ratio.

The balance of joint life policy account as shown in the balance sheet represent ___________.

Hari, Roy and Prasad are partners in the ratio of 3:5:1 respectively. Roy wants to retire. His share is being purchased by Prasad. What would be the new ratio of Hari and Prasad respectively?

If vendors are issued fully paid shares of Rs 1,00,000 in consideration of net assets of Rs 80,000, the balance of Rs 20,000, will be debited to

Tick the correct answer.
______ is an intangible asset.

$$X$$ and $$Y$$ shared profits and losses in the ratio of $$3:2$$ with effect from $$1^{st}$$April,2018 they agreed to share profits equally. The goodwill of the firm was valued at $$Rs. 60,000$$. The necessary single adjustment entry will be :

When a new partner brings cash for goodwill, the amount is credited to the __________ .

When $$A$$ and $$B$$, sharing profits and losses in the ratio of $$3:2$$, admit $$C$$ as a partner giving him $$1/5^{th}$$ share of profits. This will given by $$A$$ and $$B$$ __________ .

$$A$$ and $$B$$ sharing profits and losses in the ratio of $$2/3^{rd}$$ and $$1/3^{rd}, admit $$ C as a partner giving him $$1/4^{th}$$ share. The new profit-sharing ratio will be :