Admission of a ...

Which of following is not debited to the old partners’ capital/current accounts at the time of admission?

Unrecorded Liabilities are:

Which of following account is prepared at the time of admission of a new partner?

Revaluation account shows the ____

Revaluation Profit is only for:

Revaluation account is A

A and B are partners in a firm. They admit C for 1/5th share. C is to contribute capital proportionate to his share in the firm The combined capital of A and B after all adjustment is Rs.36000.Find out the amount of capital to be contributed by C

A and B sharing profit in the ratio of 4:3. C is admitted and balance sheet shows a balance of General Reserve ₹70000.WHAT amount OF  General Reserve should be transfer to B’s A/c

X and Y sharing profits in the ratio of 6:4 and their capitals after adjustment are Rs.1,60,000 and Rs.1,20,000. They admit Z who contributes Rs.70000 as capital for 1/5 th share (which is acquired equally from X and Y). Calculate amount to be brought or withdrawn by Y at the time of adjustment of capitals on the basis of amount brought by Z.

If a new partner is admitted during the year the profits for the year should be divided between ____ period on an agreed basis

Being Chander brought rs 20000 for his share of goodwill. Which account should be debited?

How would you calculate the new partner’s capital, when it is not given in the question?

Revaluation Account is also known as ________

When the incoming partner pays his share of goodwill privately to the sacrificing partner outside the business Which account should be debited in the books of account

Bad debts recovered from an old debtor of Rs.1,000. Which account will be effected by this transaction?

Loss on Revaluation will be distributed among:

How the net worth will be calculated

If goodwill already existing in the --------, it should be written off by debiting old partners in their old profit sharing ratio

At the time of adjustment of capitals, In the absence of any contract surplus or deficiency should be adjusted in

A and B sharing profits in ratio of 3:2 and their capital after adjustment is Rs.80000 and Rs.60000. They admit C who contributes Rs.35000 as capital for 1/5th share (which is acquired equally from A and B). Calculate amount to be brought by A at the time of adjustment of capitals on the basis of amount brought by C.

Calculate the new capital of the new firm

Revaluation account is not prepared at the time of _________________

If the partners decide to retain assets and liabilities at their existing values , what method should be adopted

At the time of increase in the value of assets which account should be debited while preparing Revaluation Account?

As per Accounting Standard 26____ goodwill will be recorded in the books of account