The amount paid by a new partner on admission as a compen...
The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a
Bonus
Commission
Premium
Goodwill
Correct answer is D
Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable.
Use the following information to answer the given question \(\begin{array}{c|c} & ₦ \\ \hline...
How much selling and distribution expenses is apportioned to department M? ...
Which of the following is a debit item in the sales ledger control account? ...
Gross profit b/d Less: Salaries and wages ...
Shares issued below nominal value are referred to as shares at ...
Ordinary shareholders received dividend before? ...
Which of the following accounts or statements is used to determine credit purchase figures in i...
Which of the following is not an instrument for controlling public expenditure? ...