Goodwill brought in by an incoming partner in cash for joining in a partnership firm is can be taken by old partners in their _____?

• Sacrificing ratio
• Capital ratio
• New profit sharing ratio
• Old profit sharing ratio

Related MCQs

• Any amount to be written off after the admission of a partner is transferred to the capital account of all partners in _____?
• Where persons are sued as partners in the name of their firm they shall appear individually in their own names but all subsequent proceedings shall nevertheless continue in?
• The ability of a firm to convert an asset to cash is called _______?
• Naseem gave 25 percent of a profit to his partner. If the partner got Rs. 4000 what will remain with Aslam_____?
• Puget Sound Co. sold marketable securities costing $80,000 for $92,000 cash. In the company’s income statement and statement of cash flows, respectively, this will appear as _____?
• At the time of the retirement of a partner, the existing partner decided to value of Stock from Rs. 10, 000 to Rs.12,500, Building from Rs.50,000 to Rs.52,500, Sundry creditors from Rs.12,000 to Rs.13,000 and also agreed to take on record unrecorded liability of Rs.2000. What is the profit or loss on revaluation of Assets and liabilities?
• I brought him a glass of water. Brought word is
• Compare your answers _____ those of your partner.
• Which statement shows the flow of cash and cash equivalents during the financial period?
• Which statement shows the flow of cash and cash equivalents during the financial period ?