Goodwill is recognized in partnership when
...Goodwill is recognized in partnership when
The business makes a huge profit
The business has adequate bank balance
A partner is dormant
A new partner is admitted
Correct answer is B
No explanation has been provided for this answer.
In preparing accounting records, the owner of a business and the business are treated as ...
Determine the closing stock under LOFO method ...
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...
Determine the owners equity ...
Which of the following are examples of Nominal account? ...
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corp...
Which of the following documents set out the internal regulations of a partnership? ...
An item of appropriation in partnership profit and loss account is ...