Retirement or D...

Retiring partner’s share of goodwill is calculated as follows:

Partnership comes to an end immediately whenever a partner dies although the firm may continue with the remaining partners by purchasing or acquiring the share of ____ partner.

Deceased partner share of profit can be calculated on the basis of 

The outgoing partner’s share in the profits may be adjusted through

Gaining ratio is calculated at the time of:

Loan of the retiring partner is disposed off according to

If the gaining share is given, first calculate the share acquired by the each continuing partner and then should be added to continuing partners respective share to find out the which ratio of the remaining partner

The continuing partners may agree on a specified new profit sharing ratio so in that case the specified ratio will be the:

With the consent of all the partners, if any extra amount paid to the outgoing partner other than his capital amount is known as____

Bad debts recovered will ______________