Advertisements
Advertisements
Question
Match the following items:
| (i) | The share of goodwill of the retiring partner is debited to remaining partners in their | (a) | Sacrificing Ratio |
| (ii) | In the event of death of a partner the general reserve is transferred to partner's capital A/cs in | (b) | New Ratio |
| (iii) | Goodwill brought in by the new partner is shared in | (c) | Gaining Ratio |
| (iv) | After retirement of a partner, profit earned after retirement is shared in | (d) | Old Ratio |
Match the Columns
Advertisements
Solution
| (i) | The share of goodwill of the retiring partner is debited to remaining partners in their | (c) | Gaining Ratio |
| (ii) | In the event of death of a partner the general reserve is transferred to partner's capital A/cs in | (d) | Old Ratio |
| (iii) | Goodwill brought in by the new partner is shared in | (a) | Sacrificing Ratio |
| (iv) | After retirement of a partner, profit earned after retirement is shared in | (b) | New Ratio |
shaalaa.com
Is there an error in this question or solution?
