The amount paid by the new partner on admission as a comp...
The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a
Bonus
Goodwill
Premium
Commission
Correct answer is B
Goodwill is the excess of the purchase consideration over the total value of an entity
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
The statement of assets and liabilities in the public sector can be described as the? ...
Given: Fixed assets N85,600 Sales N197,000 Stock N34,300 Salaries N37,000 Purchases N127,700 S...
In dealing with incomplete records, fixed assets are posted to? ...
Given: Total cash received from debtors 30,000 Total purchases for the period 21,000 Amount owe...
Which of the following errors will affect the totals of a trial balance? ...
A system where a separate cash book is maintained for small payments is ...