Amount due to outgoing partner is shown in the balance sheet as his:

Related MCQs

• 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:
• Goods in transit are shown in the balance sheet at ______
• Securities premium account is shown on the liabilities side of the balance sheet under the head:
• Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______
• If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:
• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?
• A credit balance on a partner’s current A/c is.
• Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at: