Advertisements
Advertisements
Question
Treatment of the following on admission of new partner:
| (i) | Building undervalued | (a) | Sacrificing Ratio |
| (ii) | Building overvalued | (b) | Dr. Revaluation Account |
| (iii) | Goodwill appearing in the books at the time of admission | (c) | Cr. Revaluation Account |
| (iv) | Goodwill brought in by new partner | (d) | Old Ratio |
Match the Columns
Advertisements
Solution
| (i) | Building undervalued | (c) | Cr. Revaluation Account |
| (ii) | Building overvalued | (b) | Dr. Revaluation Account |
| (iii) | Goodwill appearing in the books at the time of admission | (d) | Old Ratio |
| (iv) | Goodwill brought in by new partner | (a) | Sacrificing Ratio |
shaalaa.com
Is there an error in this question or solution?
