Loss on realization is distributed among partners:

Related MCQs

• Balance of realization A/c is transferred to the capital A/c of the partners in:
• 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:
• Loss on realization is:
• In the absence of an agreement profit and loss are divided by partners in the ratio of:
• The agreement among partners which set out the terms on which they had agreed to form a partnership is called:
• At the time of dissolution all the assets of firm are transferred to the realization A/c:
• Current accounts of the partners should be opened when the capitals are:
• Partnership is formed by the partners by:
• Liability of partners in a partnership business is:
• Capital of the partners are maintained by: