On premium method goodwill is to be _____________.
Contributed by new partner
Raised by the existing partners
Valued by an authority
None of these
Unrecorded assets is
Gain on revaluation
Loss on revaluation
Capital
None of the above
Capital can be contributed the new partner in terms of
Cash and assets
Cash only
Assets only
__________ is an invisible and intangible asset.
Cash
Revaluation
Goodwill
A new partner is admitted ___________.
For an additional capital or for managerial help
As an employee
For sharing profit or loss
Goodwill is an ____________.
Tangible asset
Intangible asset
Only an imagination
Sacrificing ratio is
Old ratio - new ratio
New ratio - old ratio
Old ratio itself
A ___________ is a nominal account.
Balance sheet
Receipts and Payments account
Revaluation account
In premium method goodwill is contributed by new partner in terms of ________.
Assets
Revaluation account is a ___________ account.
Real
Nominal
Personal
