Which accounting treatment is similar to that of death of a partner?
Admission of new partner
New profit sharing ratio
Valuation of Goodwill
Retirement of partner
Identify which one of the facts are entered on the credit side of deceased partners Capital Account?
His share of existing goodwill written off.
His drawings and interest there on till the date of death.
His share of loss till the date of death.
His share in profit on revaluation of assets and liabilities
Under which circumstances partner necessarily dissolves the partnership but the firm continues?
Sleeping partner
Nominal partner
Death of partner
