12th Class Accounting MCQS Partnership Accounts (II) Admission of a Partner Online Test 2

3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-share-of-profit-to-a-new-partner-in-the-future-profits-without-any-express-agreement-as-to-who-will-contribute-to-new-partner-e-2-80-99-s-share-of-profit-is-implied-that-old-partners-contribute-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ein-their-profit-sharing-ratio-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-shares-of-a-public-limited-company-are-generally-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-efreely-transferable-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-value-of-goodwill-is-calculated-by-multiplying-the-average-profit-of-a-given-number-of-past-years-by-an-agreed-number-under-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eaverage-profits-method-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-to-calculate-the-value-of-capital-both-at-the-beginning-and-at-the-end-of-year-in-single-system-we-prepare-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-estatement-of-affairs-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-we-cannot-prepare-the-trial-balance-and-precise-balance-sheet-under-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-esingle-entry-system-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-when-capital-is-introduced-by-a-partner-2-c-we-should-be-debited-to-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecash-account-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ea-new-partner-may-be-admitted-to-a-partnership-with-the-consent-of-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-all-the-partner-e-2-80-99-s-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ea-partner-who-invests-in-the-business-but-does-not-take-active-part-in-the-business-is-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-sleeping-partner-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-cost-minus-accumulated-depreciation-of-an-asset-is-also-called-3-a-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-none-of-these-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-depreciation-is-recorded-in-accounting-as-3-a-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-expense-3-c-2-fspan-3-e-3-c-2-fp-3-e,a-new-partner-may-be-admitted-to-a-partnership-with-the-consent-of-3-a_-_all-the-partner-e-2-80-99-s,an-ordinary-partnership-firm-can-have-3-a_-_both-a-26-amp-3-b-c,at-the-time-of-admission-of-a-new-partner-2-c-goodwill-raised-should-be-written-off-in-3-a_-_new-profit-sharing-ratio,general-reserve-at-the-time-of-admission-of-new-partner-is-transferred-to-3-a_-_partner-e-2-80-99-s-capital-account,goodwill-is-valued-when-3-a_-_new-partner-is-admitted,if-the-adjustment-in-the-value-of-assets-under-taken-at-the-time-of-admission-of-a-partner-shows-a-profit-2-c-if-should-be-credited-to-the-capital-accounts-of-3-a_-_the-old-partners-in-their-old-profit-sharing-ratio,if-the-incoming-partner-is-to-bring-his-share-of-goodwill-in-cash-2-c-and-three-exist-any-balance-in-goodwill-account-2-c-then-this-goodwill-is-to-be-written-off-among-old-partners-in-3-a_-_old-profit-sharing-ratio,in-the-absence-of-an-agreement-2-c-the-share-of-new-partner-in-partnership-will-be-3-a_-_old-ratio-new-ratio,on-the-admission-of-a-new-partner-in-partnership-3-a_-_old-partnership-has-to-be-dissolved,on-the-admission-of-a-new-partner-the-increase-in-the-value-of-assets-is-debited-to-3-a_-_assets-account,sacrifice-ratio-is-equal-to-3-a_-_old-ratio-new-ratio,the-benefit-and-advantages-of-the-good-name-or-reputation-of-a-business-3-a_-_goodwill,the-share-of-profit-to-a-new-partner-in-the-future-profits-without-any-express-agreement-as-to-who-will-contribute-to-new-partner-e-2-80-99-s-share-of-profit-is-implied-that-old-partners-contribute-3-a_-_in-their-profit-sharing-ratio,the-value-of-goodwill-is-calculated-by-multiplying-the-average-profit-of-a-given-number-of-past-years-by-an-agreed-number-under-3-a_-_average-profits-method