An account operated to ascertain the loss or gain at the death of a partner is called:

Related MCQs

• Revaluation account is operated to find out gain or loss at the time of:
• The loss or gain an account of revaluation at the time of retirement of a partner is shared by:
• 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:
• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• Retirement or death of a partner.
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• If a partner takes over an asset of the firm, his capital account:
• A person who declares by word of mouth as partner of the firm is called:
• A person who receives a share of profits from one of the regular partner is called:
• Profit and loss account is a