Following is the balance sheet of A and B who share profits and losses in the ratio of 2 : 1 as at 31st March, 2018 :
Liabilities
Assets
₹
A's Capital
B's Capital
Reserves
Profit and Loss A/c
Sundry Creditors
3,00,000 Cash and Bank
2,00,000 Sundry Debtors
70,000 Stock
50,000 plant and Machinery
80,000 Goodwill
Advertisement Expenditure
7,00,000
25,000
2,00,000
2,15,000
1,80.000
60,000
20,000
7,00,000
th
They admit C as a partner from 1st April 2018 with th share in the profits of the
4
firm. C brings 3,20,000 as his Capital. Give journal entries for the adjustment of
goodwill,

Which of the following is the least risky? collectables stock savings bond savings account

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness