The amount paid by a new partner on admission as a compen...
The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a
Bonus
Commission
Premium
Goodwill
Correct answer is D
Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable.
Equity shareholders' fund is ...
When a purchase business is revalued, the effect is that ...
A unit of a company capital is ...
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
Cost of rent as an expense can be apportioned to all department on the basis of: ...