Under what circumstances premium for Goodwill paid by the incoming partner is not recorded in the books of account? (Delhi 2014 C) Post category:Accountancy Reading time:1 mins read SOLUTION Premium for Goodwill is not recorded in the books of account when the incoming partner pays it privately to the sacrificing partners. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostWhat is meant by ‘Hidden Goodwill’? (AI 2017 C) Next PostVinay and Naman are partners sharing profits in the ratio of 4: 1. Their capitals were Rs. 90,000 and Rs. 70,000 respectively. They admitted Prateek for 1 / 3 share in the profits. Prateek brought Rs. 1,00,000 as his capital. Calculate the value of firm’s goodwill. (CBSE 2018, 2018 C) You Might Also Like What share of profits would a ‘sleeping partner’ who has contributed 75% of the Total Capital get in the absence of a deed? September 26, 2022 From the following information, calculation Cash Flow from Operating Activities and Investing Activities: August 18, 2022 Differentiate between ‘Equity Share’ and Debenture on the basis of risk involved. (C.B.S. E. Sample Paper. 2019). September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What share of profits would a ‘sleeping partner’ who has contributed 75% of the Total Capital get in the absence of a deed? September 26, 2022
From the following information, calculation Cash Flow from Operating Activities and Investing Activities: August 18, 2022
Differentiate between ‘Equity Share’ and Debenture on the basis of risk involved. (C.B.S. E. Sample Paper. 2019). September 29, 2022