Under ___________ method,goodwill is raised in the books at its full value and written off immediately after the admission.
Premium
Revaluation
Memorandum revaluation
None of these
___________ account is created in its full value by crediting the amount in the old partner's capital account in their old ratio.
Trading
Capital
Goodwill
____________ enables a business concern to earn more profit on the capital employed by attracting more customers.
Realisation
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.
There are __________ main methods of treatment of goodwill.
Two
Three
Four
Five
__________ account is debited with increase in the amount of liabilities.
Income and expenditure account
Profit and loss account
Accumulated profit at the time of admission of a partner is __________ to capital accounts of old partners.
Credited
Omitted
Debited
___________ is the excess of old share over the new share of the old partners.
Gaining ratio
Sacrificing ratio
New ratio