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

Goodwill Given in the old Balance Sheet will be:

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

New Ratio – Old Ratio = ?

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

L, M and N are partners sharing profit and losses in the ratio of 25:15:9 . M retires. It is decided that the profit sharing ratio between remaining partner will be the same as existing between M and N after the retirement of L. Calculate Gaining ratio

Which of the following item is not shown in the credit side of deceased partner’s capital account?

Amount due to a deceased partner shown by his Capital Account is transferred to ____ account

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

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