Goodwill Accounting on retirement of a partner
The retiring partner is entitled to his share in firms Goodwill as he has also…
Gaining Ratio and Sacrificing Ratio – Difference
DescriptionGaining RatioSacrificing RatioFormula for calculationNew profit Sharing Ratio Less Old Profit Sharing ratioOld profit sharing…
Retirement of a Partner – Meaning and Effects
Retirement of a partner is another form of reconstitution of the firm.. In this case,…
Partnership Accounts Adjustments – Unrecorded Assets
https://youtube.com/shorts/jKm27zlGW3Q?feature=share How adjustment written in Question (Taking example of investments) Unrecorded investments of Rs 5000…
Effects of admission of one or more new partners in a partnership firm
New partner becomes entitled to share future profits of the firm and the profit share…
Admission of a Partner – Adjustments Required
Five types of adjustments are required on the admission of a new partner in a…
Why having high debt is not good for business
Case 1 Once upon a time, there was a small business owner named John who…
A Story of Debt Equity Ratio
Once upon a time, there was a young entrepreneur named Kiara who had just started…
Debt Equity Ratio
The debt-to-equity ratio is a financial ratio that measures the amount of a company’s debt…
Solvency Ratios
MEANING Solvency ratios are financial ratios that measure a company’s ability to meet its long-term…
QUICK RATIO
MEANING AND FORMULA It is also known as liquid ratio or acid test ratio it…
Current Ratio
Meaning Current ratio is a financial ratio that measures a company’s ability to pay its…