Name any two factors affecting goodwill of a partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Favorable Location of the Business; (ii) Efficiency of Management. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostHow the goodwill is valued under the average profit’s method? Next PostWhat is meant by Super Profits? You Might Also Like A, B and C are the partners sharing profits and losses in the ratio of 5: 3: 2. C retired and his capital balance after adjustments regarding Reserves, Accumulated profits / losses and gain / loss on revaluation was Rs. 2,50,000. C share was paid Rs. 3,00,000 in full of settlement. Afterwards D was admitted D. for 1 / 5th. (C.B.S.E. Sample Paper, 2017) September 27, 2022 Name any two items which are shown on the credit of Profit and Loss Appropriation Account. September 26, 2022 State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A, B and C are the partners sharing profits and losses in the ratio of 5: 3: 2. C retired and his capital balance after adjustments regarding Reserves, Accumulated profits / losses and gain / loss on revaluation was Rs. 2,50,000. C share was paid Rs. 3,00,000 in full of settlement. Afterwards D was admitted D. for 1 / 5th. (C.B.S.E. Sample Paper, 2017) September 27, 2022
Name any two items which are shown on the credit of Profit and Loss Appropriation Account. September 26, 2022
State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022