Category: Accountancy Class 12

Common Size Statement

Common Size Statement is a statement in which each item is presented in a percentage form. It could be a percentage of the total amount/

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Treatment of Goodwill

When a partner leaves the partnership firm either due to his retirement or due to his death, he or is legal representative are entitled to

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Gaining Ratio

When a partner of a partnership firm decides to retire from the firm or when a partner is deceased, the profit sharing rate of the

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Balancing the Accounts

What is the Balancing of Accounts? We know that there are ledger accounts have debit side and credit side.  Both side has few entries. Sometimes

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