On  retirement of a  partner,  the profit  on revaluation of assets  should be  created  in the capital accounts  of ______ partners.

In _________method  goodwill is valued  on the basis  of  excess profits earned by a  firm  in comparison  to  average profits  earned by  other firms.

Retiring   partner's share of  goodwill  is debited to  the continuing partners  capitals  in the ________ ratio.

On death  of a partner  the________ receives the  Joint   Life  Policy  amount  from the Insurance  Company.

Good will is  a /an ___________.

Gain or loss  arising  from revaluation  is shared by____________ partner's  in ________ ratio.

Goodwill is  calculated  on the basis of  the number  of past years  profit  is called 

Change in Profit sharing  ratio of the  existing   partners  results in  __________ to  some  partners  and  sacrifice of other.

Unless given otherwise,  the ratio  of sacrifice  is  the same as

A,B,C Ltd sharing   profits  in 5:3:2  ratio, B  retires  and remaining  partners  share  future  profits  in 3:2  ratio,  their  gaining  ratio is