Goodwill can be introduced when
...Goodwill can be introduced when
The business suffers high loss
The business is being expanded
The partnership experience super profit
A new member is admitted
Correct answer is D
The circumstances giving rise to the ascertainment of goodwill are:
- admission of a new partner
- change in profit sharing ratio
- death or retirement of a partner
- the business has been purchased
- dissolution of a business
An item in the balance sheet of a limited liability company is ...
Which of the following serves the same purpose as a Trading Account? ...
Which of the following is not shown in the trial balance? ...
Use the following information to answer the given question: \(\begin{array}{c|c} \text{Date of de...