Retirement or D...

__________ method in which the profits up to the date of death for the current year are calculated on the basis of current year's sales up to the date of death by using the formula

When amount due to retiring partner is paid with interest, it will be paid through which account?

How will you transfer the due amount to the loan account of retiring partner?

If the retiring partner not be paid fully immediately on retirement how should his capital account be shown in subsequent Balance Sheet

Partner’s Capital Account will be debited in case of ____________

Loan of the retiring partner is disposed off according to the pre decided terms and conditions among the partners. In such cases interest is credited to the Loan A/c on the basis of the amount outstanding at the beginning of each year and the amount paid is ____to loan A/c.

When new profit sharing ratio of the continuing partners differ from their old ratio, in such a case outgoing partner’s share of profits will be adjusted through ___________________

In what situation we make the following journal entry?
Old Partners Capital A/c Dr.
To Goodwill A/c

P, Q and R are partners in a firm sharing profit in the ratio of 4:3:2. Q retires and Goodwill has been valued at Rs.18000. What should be journal entry for treatment of goodwill?

R, Y and S were partners sharing profits in the ratio of 1:2:3 their capital ₹23000, ₹30000 and ₹17000 respectively. Y retired .Capital has to be fully paid in cash and whole amount is brought in cash by R and S to make their capital thereafter equal. Calculate amount brought by R