The amount paid by the new partner on admission as a comp...
The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a
Bonus
Goodwill
Premium
Commission
Correct answer is B
Goodwill is the excess of the purchase consideration over the total value of an entity
The transactions relating to liquidation in partnership account is drawn by using? ...
Which of the following concepts recognizes the principle of double entry? ...
The major feature of a journal is that it has ...
In a departmental account, where no basis of apportionment exist, apportionment is ...
In a partnership account, conversation of non-cash assets into cash is referred to as? ...
Calculate the discount received in Department B \(\begin{array}{c|c} & \text{Dept A} & \text...
Given: Total cash received from debtors 30,000 Total purchases for the period 21,000 Amount owe...