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Hy
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Neelaksi Saini 8 years, 5 months ago

At the end of accounting year (i.e.31-march )but before redemption.
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Anmol Chauhan 8 years, 5 months ago

Partner's capital a/c dr 88000 To realisation a/c. 88000 (50%of220000-20%=110000-22000=88000)
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Anmol Chauhan 8 years, 5 months ago

I) bank ac. Dr. 6000 To deb. Application and allotment ac. 6000 2)deb. Application and allotment ac. Dr. 6000 To 10% debenture ac. 4000 To bank ac. 2000
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Anmol Chauhan 8 years, 5 months ago

It will be treated as normal asset like other's
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Ashish Kumsr 8 years, 6 months ago

Sacrificing ratio = old profit sharing ratio - new profit sharing ratio
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Prakhar Jain 8 years, 6 months ago

Because if nothing is stated, it means that the old partners do not have any prblm with his/her admission. And since the new partner is joining the firm so the old partners sacrifice their share for him in the same ratio in which they were sharing profits & losses previously
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Mimansha Rawat 8 years, 6 months ago

Equal profit would be shared because of the absence of deed
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Mamta Shokeen 8 years, 6 months ago

50 persons
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Sumiti Beniwal 8 years, 6 months ago

CBSE taking major steps in the re-evaluation process of class12 exams.so class 12 exams in February

Pawan Tanwar 8 years, 6 months ago

I think the exams will be held in march because the CA organisation will take exams in November instead of july... So the cbse doesn't change their schedule...
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Dimple Pandya 8 years, 6 months ago

All the type of reserve r distributed among partners

Mimansha Rawat 8 years, 6 months ago

Yes
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Kiran Kaur 8 years, 6 months ago

Old existense goodwill will be distributed in old profit sharing ratio among old partners on the debit side of capital acc. Nd primium brought by new partner is distributed in sacrificing ratio among old partners on the credit side.
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Mansi Srivastava 8 years, 6 months ago

Goodwill is an intangible asset and it is the capital of the business.
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