The accounting procedure at the retirement of partner is valued:

Related MCQs

• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.
• In case of retirement of a partner full good will is credited to the accounts of:
• 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:
• Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:
• 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: