A and B were partners in firm sharing profit in the ratio of 5:2. They admitted C as a new partner. the profit sharing ratio between A, B and C will be 2:2:1. C brought ₹ 20,000 for his share of goodwill. Pass necessary journal entries for the treatment of goodwill

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.