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प्रश्न
Which of the following statements is not true in relation to the admission of a partner?
विकल्प
Generally mutual rights of the partners change
The profits and losses of the previous years are distributed to the old partners
The firm is reconstituted under a new agreement
The existing agreement does not come to an end
उत्तर
The existing agreement does not come to an end
APPEARS IN
संबंधित प्रश्न
Write a word/phrase/term which can substitute the following statement.
The ratio in which general reserve is distributed to the old partners.
State True or False with reason.
Revaluation profit is distributed among all partners including new partner.
What is the sacrifice ratio?
What do you mean by raising the goodwill at the time of admission of a new partner?
What is the treatment of accumulated profits at the time of admission of a partner?
Apte and Bhate are sharing profits and losses in the ratio 3 : 2, if Kate is admitted at `1/4` share then calculate new profit sharing ratio.
Moksh and Aarav share profits and losses in the ratio 3 : 2 in partnership firm. Their Balance Sheet as on 31st March, 2023 was as under:
| Balance Sheet as on 31st March, 2023 | |||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) | Amount (₹) |
| Creditors | 75,000 | Bank | 45,000 | ||
| Bills payable | 60,000 | Bills receivable | 22,800 | ||
| Bank loans | 96,000 | Debtors | 1,24,800 | 1,20,000 | |
| General reserve | 15,000 | Less : R.D.D | 4,800 | ||
| Capitals: | Stock | 72,000 | |||
| Moksh | 90,000 | 1,62,000 | Furniture | 28,200 | |
| Aarav | 72,000 | Machinery | 30,000 | ||
| Building | 90,000 | ||||
| 4,08,000 | 4,08,000 | ||||
On 1-04-2023, they admitted Tithi on the following terms:
(1) For 112 shares in profits in future, Tithi should bring ₹ 60,000 for capital and ₹ 30,000 for goodwill in cash.
(2) Half of amount of goodwill is withdrawn by old partners.
(3) The Stock is to be depreciated by 10% and Machinery by 5%.
(4) R.D.D. is to be maintained at ₹ 6,000.
(5) Furniture should be appreciated to ₹ 32,100 and Building be appreciated by 20%.
Pass the necessary journal entries in the books of the firm.
Answer in one sentence.
What is sacrifice ratio?
Answer in one sentence.
What is sacrifice ratio?
Answer in one sentence.
What is the sacrifice ratio?
