DOWNLOAD MOBILE APPLICATION TO LEARN MORE: GOODWILL MCQ CLASS 12 DOWNLOAD MOBILE APPLICATION TO LEARN MORE: GOODWILL MCQ CLASS 12 Goodwill is an intangible asset which enables a firm to earn higher profit than the normal profit earned by the other firms in the industry. Goodwill is created through the sincere and honest efforts made […]
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DOWNLOAD MOBILE APPLICATION TO LEARN MORE: REVALUATION ACCOUNT CLASS 12 QUESTIONS Revaluation account is a nominal account. It is prepared in case when partners want to alter or revise the value of assets and liabilities. It is opened with a purpose to ascertain profit or loss occurring due to increase or decrease in assets and
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DOWNLOAD MOBILE APPLICATION TO LEARN MORE: ADMISSION OF PARTNER MCQ In the partnership, there must be plurality of persons i.e. two or more persons should enter into an agreement to commence a partnership firm. A single person cannot be called as a firm. Partnership Act also states the minimum number of members must be two
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