For English Users Solutions for Accounts Class 12 focusing on Admission of a Partner. The solutions are given with proper explanations for Q nos 01 to 10 .The solutions are as per the CBSE/ICSE/State Boards curriculum for 2022-2023. You can go through detailed working notes of each question and improve your understanding of Admission of […]
For English Users Solutions for Accounts Class 12 focusing on Change in Profit Sharing Ratio. The solutions are given with proper explanations for Q nos 21 to 27 .The solutions are as per the CBSE/ICSE/State Boards curriculum for 2022-2023. You can go through detailed working notes of each question and improve your understanding of Change
For English Users Solutions for Accounts Class 12 focusing on Change in Profit Sharing Ratio. The solutions are given with proper explanations for Q nos 11 to 20 .The solutions are as per the CBSE/ICSE/State Boards curriculum for 2022-2023. You can go through detailed working notes of each question and improve your understanding of Change
For English Users Solutions for Accounts Class 12 focusing on Change in Profit Sharing Ratio. The solutions are given with proper explanations for Q nos 01 to 10 .The solutions are as per the CBSE/ICSE/State Boards curriculum for 2022-2023. You can go through detailed working notes of each question and improve your understanding of Change
What is Fiscal Policy It refers to revenue and expenditure policy of the government. To Correct the problems of Deficient demand and Excess Demand following four components of fiscal policy are used : Components of Aggregate Demand In this context it is pertinent to recap the four components of Aggregate Demand To correct the problem
Fiscal Policy Measures to correct problems of Deficient Demand and Excess Demand Read More »
Policy Action Meaning Excess Demand Deficient Demand Bank Rate The interest rate at which RBI lends money to commercial Banks Increased Decreased Repo Rate The interest rate at which RBI lends money to commercial Banks Increased Decreased Rev Repo Rate Interest rate at which commercial banks keep their money with RBI Increased Decreased Open market
Monetary Policy measures to Correct Problem of deficient demand and excess demand Read More »
There can be different situations for accounting for Goodwill : Below we will discuss accounting entries for each of the above cases. Where the goodwill is paid privately Normally , first the new partner will pay Goodwill brought in by him to the firm and then firm will pay each old partners share to them.
Accounting for goodwill on admission of a new partner. Read More »
Sacrificing Ratio New profit Sharing Ratio It is the ratio in which old partners give their share to new partner/s It is the share in which all the partners (including new partner) share profits and losses in the future. It is related only to the old partners. it pertains to all the partners (including new
Difference between new ratio and sacrificing ratio Read More »
Suppose A, B and C are partners in a firm sharing profits in the ratio of 3:2:1. D is admitted to the partnership and the profit sharing ratio in future will be 1 : 1 : 1 : 1. In this case 3:2:1 is called the old ratio and 1 : 1 : 1 :
Computation of New ratio and Sacrificing ratio Read More »
Admission of a partner in a partnership firm refers to the process of adding a new member to the partnership. When a new partner is admitted to the partnership, they become jointly and severally liable for the partnership’s debts and obligations. This means that each individual partner is responsible for the entire amount of the
Meaning of Admission of a Partner in Partnership Firm Read More »
