Goodwill can be created in the books of a partnership fir...
Goodwill can be created in the books of a partnership firm when
The partnership experiences super profit
A new member is admitted
The business is being expanded
The business suffers high loss
Correct answer is A
The partnership experiences super profit: super profit is the profit that is generated by intangible asset or the profit that is attributed by the tangible asset when such profit is capitalized we get intangible asset or goodwill
The following account are prepared when goods are sent to branch except ...
As evidence of payments to a government ministry, the revenue collectors will issue? ...
The entries necessary for recording profit loading on goods sent to branch are ...
Which of the following subsidiary books involves cash movements? ...
Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: \(\b...
In order to make the cash book balance equal to the bank statement, it is usually to add? ...
In company accounts, profit after tax is shared in the ...