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1.
Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for 1/4 share. What amount he is supposed to bring for goodwill?
2.
When the balance sheet is prepared after the new partnership agreement, the assets and liabilities are recorded at:
3.
In case of admission of a partner, the entry for unrecorded investments will be:
4.
If, at the time of admission, the revaluation A/c shows a profit, it should be credited to :
5.
Revaluation Account or Profit and Loss Adjustment A/c is a