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...
Types or Classification of Accounting Ratios
There are many different types of accounting ratios, including: Profitability ratios: These ratios measure a...
What are accounting ratios
What are Ratios A ratio is a mathematical expression that represents the relationship between two...
Key Ratios
Liquidity Ratios S NoRatio NameFormula1Current RatioCurrent Assets / Current Liabilities Note : Stores and spares...
Accounting for goodwill on admission of a new partner.
There can be different situations for accounting for Goodwill : Where the goodwill is paid...