Goodwill can be created in the books of a partnership fir...
Goodwill can be created in the books of a partnership firm when
The partnership experiences super profit
A new member is admitted
The business is being expanded
The business suffers high loss
Correct answer is A
The partnership experiences super profit: super profit is the profit that is generated by intangible asset or the profit that is attributed by the tangible asset when such profit is capitalized we get intangible asset or goodwill
The directors' salaries paid are items of? ...
What type of stock valuation would a vegetable seller adopt in valuing it's product? ...
A credit note from a supplier for damaged goods would first be entered in the ...
The basic role of accounting is to? ...
Which of the following has a debit balance? i. calls-in-arrears ii. cash-in-advance i...
Use the following information to answer the given question \(\begin{array}{c|c} & Dr & Dr &...