Retirement or D...

Goodwill given in the balance sheet is debited to the partners at the time of retirement in:

Treatment of General Reserve at the time of retirement is:

New Profit sharing Ratio after retirement of a partner, can be calculated as:

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

Gaining ratio is the ratio in which continuing partners have ______ the share from the outgoing partner

Which of the following is not prepared at the time of retirement of a partner?

What journal entry will be recorded when cash paid to retiring partner (for his due amount) at the time of retirement?

X, Y and Z are partners sharing Profits and Losses in the ratio of 8 : 7 : 5. Z retires and his share is taken equally by X and Y. Find the new profit sharing ratio.

L, M and N are partners sharing ratio 3:2:1. M died and N the son of M is of the opinion that the rightful owner of his father’s share of profit and the profit of the firm be shared between L and N equally. L does not agree to settle the dispute because there is partnership deed which is showing old profit sharing ratio 3:2:1.

Bad debts recovered will be recorded in: