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.
When a share is sold for less than its nominal value, the difference is called ...
The correct expression of accounting equation is ...
Which of the following branches of accounting was first developed? ...
Ata, Bubu and Chikum were in partnership sharing profits and losses in proportion to their capi...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
What was the bank balance at the end of the month? ...
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Stock Jan 1} & 2000 \\ \hline \text{Purchase...