The amount brought by incoming partner in addition to his capital is called

Keep practicing — related questions

• The share of goodwill of retiring partner is debited to the remaining partner's capital a/c in
• If the amount of interest on 12% investment shown as income in income and expenditure account is Rs. 2400, ...
• In the absence of clear agreement, the excess amount of profit given to the partner for guaranteed profit w...
• Which of the following items should not appear in partner's capital account?
• If a partner dies, the amount on realisation of joint life policy will be
• The method in which a fixed amount is charged every year as depreciation is called
• A heavy expenditure of revenue nature, which affects the generation of income over a number of years, is ca...
• The amount paid to a person for providing voluntary services to a non-profit organisation is called