On decreasing the amount of provision for doubtful debts,the __________ account is credited.
Profit and Loss
Trading
Balance sheet
Revaluation
Under ___________ method the new partner brings in his share of goodwill in cash.
Memorandum revaluation
Fixed
Premium
Under ___________ method, the new partner does not bring in his share of goodwill in cash,a goodwill account is raised in the firm's book.
Realisation
The ratio in which the old partners lose or sacrifice their profit is called the ___________.
Sacrificing ratio
Gaining ratio
Old ratio
New ratio
The amount of premium brought in by the new partner is shared amongst the old partners in their __________.
Share of good will brought in cash by the new partner is called __________.
Capital
Profit
Loss