Which of the following statements results in the reconstitution of a partnership firm :- (A) Change in profit sharing ratio among partners. (B) Admission of a new partner. (C) Dissolution of a partnership firm. (D) Dissolution of a partnership. Choose the correct answer from the options given below:

Which of the following is not a method of valuation of goodwill?

Sindhu, Neha and Priya are partners, sharing profits in the ratio of 5:3:2. Calculate the new profit sharing ratio and gaining ratio if Neha retires:

A correct journal entry for Transfer of the balance of Profit and Loss Account (a credit balance) to Profit and Loss Appropriation Account is-

Balance of share forfeiture account is shown in the balance sheet under the sub-head-

Rohan, Bharti and Leela are partners. On the retirement of Rohan, the goodwill already appears in the balance sheet at Rs. 24,000. The goodwill will be written-off:

Under the fixed capital method, the capital of the partners shall remain fixed unless additional capital is introduced or a part of the capital is withdrawn as per the agreement between the partners. Which among the following is NOT the feature of the fixed capital method?

\(A\) and \(B\) are partners in a firm sharing profits in the ratio of 3: 2. They admitted \(M\) as a new partner for 1/4 share. The new profit sharing ratio between \(A\) and \(B\) will be 2: 1. Calculate their sacrificing ratio.

Match List-I with List-II List-I | List-II (A) Unregistered Debentures | (I) Perpetual Debentures (B) Unsecured Debentures | (II) Naked Debentures (C) Secured Debentures | (III) Bearer Debentures (D) Irredeemable Debentures | (IV) Mortgage Debentures Choose the correct answer fro…