How goodwill is recorded on the retirement or death of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION Remaining Partner s Capital A/cs Dr. (In Gaining Ratio) To Retiring or Deceased Partner’s Capital A/cs(With his share of goodwill) 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 PostFor which share of goodwill a partner is entitled at the time of his retirement? Next PostName the account which is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account. You Might Also Like Compute Gross Profit Ratio from the following information: Cost of Revenue from Operations (Cost of Goods Sold) Rs. 5,40,000; Revenue from Operations (Net Sales) Rs. 6,00,000. August 16, 2022 ‘G Ltd.’ is carrying on a paper manufacturing business. In the current year, it purchased machinery for Rs. 30,00,000; it paid salaries of Rs. 60,000 to its employees; it required funds for expansion and therefore, issued shares of Rs. 20,00,000. It earned a profit of Rs. 9,00,000 for the current year. Find out Cash Flow from Operating Activities. October 6, 2022 On dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid last of all? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Compute Gross Profit Ratio from the following information: Cost of Revenue from Operations (Cost of Goods Sold) Rs. 5,40,000; Revenue from Operations (Net Sales) Rs. 6,00,000. August 16, 2022
‘G Ltd.’ is carrying on a paper manufacturing business. In the current year, it purchased machinery for Rs. 30,00,000; it paid salaries of Rs. 60,000 to its employees; it required funds for expansion and therefore, issued shares of Rs. 20,00,000. It earned a profit of Rs. 9,00,000 for the current year. Find out Cash Flow from Operating Activities. October 6, 2022
On dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid last of all? September 27, 2022