Retirement or D...

Which of the following is effect of the retirement of a partner?

M, N and H are partners without partnership deed. M wants to get retired. The profit on revaluation on the date was ` 12000.and other partners N and H want to share this in the new ratio 3:2. M wants this to be shared equally How this profit should be shared

Calculation of sharing of profit up to date of death will be calculated on the basis of

If any asset is taken over by a partner at the time of his retirement, how will you record it?

Outgoing partner is not entitled to take _______

Goodwill given in adjustments (after the balance sheet) will be ____________

Unrecorded Legal charges will be:

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

Retirement or death of a partner will create a situation for the continuing partners, which is known as:

A, B and C are partners sharing profit in the ratio of 1/2 : 3/10 : 1/5. Calculate Gaining ratio if A retires