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On the death of a partner, the amount due to him will be credited to
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On retirement of a partner, goodwill will be credited to the Capital Account of:
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What journal entry will be recorded for deceased partner’s share in profit from the
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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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