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
Provision for depreciation on delivery van is charged to ...
Which of the following expenses is apportioned between departments based on sales? ...
Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR...
Given: Additional capital Capital Closing capital Net profit ₦...
Four broad classifications of overheads are? ...
.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7,800.............
Use the following information to answer given question \(\begin{array}{c|c} & ₦ \\ \hline \...