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At the time of retirement of a partner, profit on revaluation will be credited to :
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What treatment is made of accumulated profits and losses on the retirement of a partner?
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Share of goodwill brought by new partner in case is shared by old partners in :
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The amount of goodwill is paid by new partner : (a) for the payment of capital
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Value of reputation of the firm is: (a) Royalty (b) Assets (c) Goodwill (d) Patents
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Goodwill is an _ Assets. (a) fixed (b) intangible (c) current (d) fictitious
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When the new partner brings cash for goodwill, the amount is credited to:
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A and B share profits in the ratio of 3 : 2. They agreed to admit C on the condition
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B and N are partners in a firm sharing profits in the ratio of 3:2
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