Retirement or D...

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

A , B and C are partners sharing profits in the ratio of their capitals which were ₹75000, ₹50000 and ₹25000 respectively. C retired and new profit sharing ratio between A and B was 1:2. On C’s retirement the goodwill of the firm was valued at ` 30000. Entry for treatment of goodwill

Anu, Rohit and Chandan are partners carrying on an illegal business without forming a partnership deed. Chandan Wants to retire but Anu and Rohit are not willing to give his share. Their profit sharing ratio is 3:2:1. Identify the values which should have been incorporated while formulating partnership.

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

Which of the following is not a temporary account?

Deceased partner’s share of profit is to be transferred to his account by:

Loan of the retiring partner is disposed off according to

Where will you record the loss (upto date of death) due to deceased partner?

S, R and T are partners in a firm sharing profits in the ratio 3:2:1.Goodwill has been valued at ₹60000 on R’s retirement S and T decided to share profit and losses equally .What should the amount of R’s share of goodwill

S, R and T are partners in a firm sharing profits in the ratio 3:2:1.Goodwill has been valued at ` 60000 on R’s retirement S and T decided to share profit and losses equally .What entry should be passed for treatment of R’s share of goodwill

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

_______ can be calculated on the basis of time and sales.

Which of the following is calculated at the time of Retirement of a Partner?

A, M and B are partners in a firm sharing profit and loss in the ratio of 3:2:2 B has desired to retire from the firm and desires his son should be admitted as partner in his place. The partnership deed is silent A and M agrees to the change and sharing profit and loss in the same ratio. Do you think the change will be as per the law and why?

X, Y and Z are partners sharing profits in the ratio of 1/2, 2/5 and 1/10. What will be the new ratio of X and Y after the retirement of Z.

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

Preliminary expenses given in the Asset side of Balance sheet will be:

How can a partner get retirement from the partnership firm?

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

Deceased partners share of profit is shown in :

Bad debts recovered will ______________

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

Why executor’s account is prepared

Why there is need to calculate New profit share ratio

Reason for preparing Profit and Loss suspense Account is to ___________