In case of retirement of a partner full good will is credited to the accounts of:

Related MCQs

• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• The accounting procedure at the retirement of partner is valued:
• The loss or gain an account of revaluation at the time of retirement of a partner is shared by:
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• Retirement or death of a partner.
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• When good will is brought in cash by new partner, method is known as:
• In the absence of an agreement, Interest on loan advanced by the partner to the firm is allowed at the rate of:
• Any partner who investments in the business but does not take active part in the business is:
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?