a) P and Q are partners sharing profits in 5:3 R is admitted and the new 4:3:2. Calculate sacrificing Ratio.
b) Match the following:
(1) Old Ratio - New Ratio
(11) Goodwill
General Reserve
(iv) New ratio- Old Ratiol
Revaluation A/c is a.
(a) Gaining Ratio
(b) Fixed Asset
(c)
Credit Balance
(d) Sacrificing ratio
Account in nature.
d) A, B, C and D were partners in ratio 4:3:2:1. They admit E forth share. E brought Rs 10,000 as his share of goodwill. The accountant showed goodwill of the firm at Rs 1,00,000 in the books. Was the Accountant correct in doing so? Give reason.
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o ok thanks so many of a day or night in the best security
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