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 to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Sto...
Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR...
Which of the following belongs to the sales ledger? ...
Given: Depreciation of plant and machinery Factory rent Indirect w...
Use the following to answer the given question \( \begin{array}{c|c} \text{Purchases} & 2,0...