8. A, B & C are partners sharing profit & loss equally. They dec
will receive 1/7 share in profit. On the day of change, firm's goodwill was valued at
* 42,000. Give journal entries arising on account of change in profit sharing ratio.
[Ans : Debit A & B each by 4,000]
9. A. B & Care partners sharing profit & loss in the ratio of 5:4:1. On 1st April, 2017,
Answers
Explanation:
14.Q-10 On the death of a partner, his
share in the profits of the firm till the date
of his death is transferred to the: *
(1 Point)
Credit of Profit & Loss
Account
Debit of Profit & Loss
Suspense Account.
Debit of Profit & Loss
Account
Credit of Profit & Loss
Suspense Account
14.Q-10 On the death of a partner, his
share in the profits of the firm till the date
of his death is transferred to the: *
(1 Point)
Credit of Profit & Loss
Account
Debit of Profit & Loss
Suspense Account.
Debit of Profit & Loss
Account
Credit of Profit & Loss
Suspense Account
14.Q-10 On the death of a partner, his
share in the profits of the firm till the date
of his death is transferred to the: *
(1 Point)
Credit of Profit & Loss
Account
Debit of Profit & Loss
Suspense Account.
Debit of Profit & Loss
Account
Credit of Profit & Loss
Suspense Account
14.Q-10 On the death of a partner, his
share in the profits of the firm till the date
of his death is transferred to the: *
(1 Point)
Credit of Profit & Loss
Account
Debit of Profit & Loss
Suspense Account.
Debit of Profit & Loss
Account
Credit of Profit & Loss
Suspense Account
14.Q-10 On the death of a partner, his
share in the profits of the firm till the date
of his death is transferred to the: *
(1 Point)
Credit of Profit & Loss
Account
Debit of Profit & Loss
Suspense Account.
Debit of Profit & Loss
Account
Credit of Profit & Loss
Suspense Account