Anshu and nitu are partners sharing profit in the ratio of 3:They admit jyoti as a new partner for 3/share which she acquired 2/from anshu and 1/from nitu. Calculate the new profit sharing ratio

A ,B,C are partners sharing profit in ratio of 3:2:1.D admitted in the firm as a new partner with 1/6th share.calculate new profit share ratio

On the admission of a new partner increase in the value of assets is debited to

A, B and C are partners in a Firm. If D is admitted as a new partner :

At the time of admission of a partner , general reserve appearing in the old Balance sheet is transferred to

On admission of a new partner, increase in value of assets is debited to

Revaluation is a

On admission of a new partner balance of General Reserve Account should be transferred to the capital account of

At the time of admission of a new partner, ________ of assets and liabilities should be taken up.

_________ ratio is computed at the time of admission of a new partner

The old partners share all the accumulated profits and reserves in their

In admission, profit from revaluation of assets and liabilities will be transferred to the capital accounts of the old partners in the

The difference between old profit sharing ratio and new profit sharing ratio at time of admission is ________ ratio.

At the time of admission, when goodwill is raised, the old partners capital account will be credited in the ________ ratio.

Indian Partnership Act was enacted in the year ________.

The capital accounts of partners may be ________ or fluctuating.

If a firm is maintaining both ‘Capital Accounts’ and ‘Current Accounts’ of the partners A and B. Additional capital introduced by B will be recorded in