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Merchandise mean

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Merchandise mean

    • Posted by Mayank Bansal 6 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Sakshi Sharma??️??️ 6 years, 10 months ago

    goods that are for sale

    2Thank You

    Chahat Dudeja 6 years, 10 months ago

    merchandise means goods for resale

    1Thank You

    Gaurav Seth 6 years, 10 months ago

    Merchandise are the manufactured goods bought and sold in any business. 

    2Thank You

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    Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.

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    CBSE > Class 11 > Accountancy
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