Goodwill can be introduced when
...Goodwill can be introduced when
The business suffers high loss
The business is being expanded
The partnership experience super profit
A new member is admitted
Correct answer is D
The circumstances giving rise to the ascertainment of goodwill are:
- admission of a new partner
- change in profit sharing ratio
- death or retirement of a partner
- the business has been purchased
- dissolution of a business
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
Cost reports for the intention of management should reflect? ...
Use the following information to answer the given question \(\begin{array}{c|c}year &am...
Given: Depreciation of plant and machinery Factory rent Indirect w...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
The error that affects the agreement of a trial balance totals is ...
In single entry and incomplete records, the net assets method used to ascertain profit is ...
Which of the following indicate that a partnership business is in place? (i) There is a busin...
Capital.....................N? Profit and loss.............N3500 Current assets..............N? C...