Saved Bookmarks
| 1. |
Fill in the blanks and rewrite the following sentence.i. Deceased Partners’ Executors Account is shown on the ___________ side of the Balance Sheet.ii. On the death of a partner, a ratio in which the continuing partners get more share of profits in future is called as _________ Ratio.iii. Deceased partners share of profit up to the death is shown on ____________ side of Balance Sheet.iv. Benefit Ratio = New Ratio – __________v. When Goodwill is raised at its full value and it is written off ________ Account is to be credited. |
|
Answer» i. Liabilities ii. Gain iii. Assets iv. Old Ratio v. Goodwill |
|