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Course 21164
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X and Y had been in partnership sharing profit and losses in the ratio of 1:2 respectively. Z was later admitted to the partnership. It was agreed that the goodwill is valued at N$120 000. No goodwill account is to be retained in the books of account. Profit and losses were to be shared between X, Y and Z in the ratio of 2: 1: 1 respectively. What was the effect of the goodwill adjustment in X’s capital account?
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A company wishes to pay dividend on shares, state which of the following may be used for this purpose?
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What is an advantage of trading as a partnership?
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What is the tax rate for companies in Namibia?
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Which of the following forms part of the Income and Expenditure Statement?
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Membership fees received in advance should be recorded as:
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