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Recent questions tagged admission of a partner
+3
votes
1
answer
A and B were partners in a firm sharing profits and losses equally. Their firm was dissolved on 15^th March, 2004,
asked
Apr 5, 2019
in
Class 12
by
kratos
dissolution of partnership firm
class-12
reconstitution of partnership
admission of a partner
+3
votes
1
answer
Name any TWO Methods of Calculating Goodwill.
asked
Apr 3, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
national income accounting
admission of partner
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
The increase in the value of assets or decrease in the value of liabilities will be credited to _________account.
asked
Mar 28, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+3
votes
1
answer
What journal entries will be passed when the new partner is unable to bring his share of goodwill in cash?
asked
Mar 24, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
admission of partner
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
x, y and z are partners sharing profit equally. On z’* retirement his share is acquired by x and y int he ratio of 3:2.
asked
Mar 24, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
admission of partner
class-12
reconstitution of partnership
admission of a partner
+1
vote
1
answer
At the time of admission of a new partner, workmen’* compensation reserve in appearing in the Balance sheet as Rs 1,000.
asked
Mar 20, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+3
votes
1
answer
What is Goodwill ? Mention FOUR Factors, Affecting the Goodwill of a Firm. Mention THREE Conditions,
asked
Mar 20, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
Arun, Varun and Kiran are equal partners in a partnership firm. Varun retires from the firm.
asked
Mar 11, 2019
in
Class 12
by
kratos
accounting for partnership
reconstitution of partnership firm
retirement
basic concepts
class-12
accounting for not for profit organisation
admission of a partner
+2
votes
1
answer
Suggest any four entrepreneurial values which a firm should follow for its successful operations for a long time.
asked
Mar 9, 2019
in
Class 12
by
kratos
class-12
accounting for partnership firms
admission of a partner
+2
votes
1
answer
Give journal entry for distribution of ‘Accumulated Profits* in case of admission of a partner.
asked
Feb 24, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
What is meant by sacrificing ratio?
asked
Feb 20, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
Piyush and Deepika are partners sharing in the ratio of 7:3. they admit Seema as a new partner. The new ratio being 5:3:2. Pass journal entries.
asked
Feb 20, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+3
votes
1
answer
Which is the following assets is compulsory revalved at the time of admission ofanew partner
asked
Feb 20, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
admission of partner
class-12
admission of a partner
reconstitution of a partnership firm
+1
vote
1
answer
A New Partner Acquires Two Main Rights in the Partnership Firm , which he joins . State one of these Rights .
asked
Feb 18, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
admission of partner
+2
votes
1
answer
Give formula for calculating goodwill under 'super profit method'.
asked
Feb 17, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
The balance of revaluation account is transferred to the old partners capital account in there
asked
Feb 15, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of a partner
reconstitution of a partnership firm
+1
vote
1
answer
The capital of a firm of Arpit and Prajwal is Rs. 10,00,000. The market rate of return is 15% and the goodwill
asked
Feb 12, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+1
vote
1
answer
Give the formula for calculation of new profit sharing ratio on retirement of a partner.
asked
Feb 12, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
retirement
class-12
admission of a partner
+2
votes
1
answer
__________ Account will be opened when the assets and liabilities are revalued, revised values are not to be shown in the books of accounts.
asked
Feb 7, 2019
in
Class 12
by
kratos
class-12
admission of a partner
+3
votes
1
answer
Chander and Damini were partners in a firm sharing profits and losses equally. On 31^st March, 2017 their Balance Sheet was as follows :
asked
Feb 3, 2019
in
Class 12
by
kratos
isc
cbse
icse
class-12
admission of a partner
reconstitution of a partnership firm
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