Question
Tive one word of term to describe the following: -) An exchange of benefit for value of Expenditure 11) Excess Amount owned by business
Tive one word of term to describe the following: -) An exchange of benefit for value of Expenditure 11) Excess Amount owned by business to offer =N) An obligation which may or may not be material v) Assets like Brand Value, copy right, Goodwill On 1st April, 2019, Rina started a beauty parlour. She acquiz -hop for Rs. 12,00,000 & paid Rs. 2,00,000 for interior thin bank Ale .She carried or paid Rs-4,00,000 in to businessed to know what, the parlor 31st Mar. 2020, when she approached to earned over the period. She has out the business results with following info. as a f you In addition to the shop & fitting, she has following poss Stock 26,00,000 Motor Car Purchased on 30/05/2020) Rs. 5,50 Cash at Bank 250,000. Based on her limited knowledg charge depreciation of 2%. p.a.on' fitting & 20% on car has told 5% you to p.a. on On 31.03.2020 Rs. 1,40,000 was payable to Creditors, & month from the business to a friend for money borrowed for business. She he withdrawn I20000 per From the above mentioned data answer the questions. dharakens you are required If the adjustment in the value of Assets & Liabilities the time of admission of a partner shows gair it is credited to Capital Alc of a) the old partner in the old profit sharing rati The old partners in their new profit sharing All partners in their new profit sharing ra None of the mentioned options
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