Share of  goodwill brought  in cash  by the new  partner is  called

___________ is the value of  reputation of a firm.

Revaluation of assets   on the reconstitution of  partnership  firm  becomes  necessary  because their  present  values  may be  _________ from  their  books  value.

Change in relationship among  the partners  amount to  __________ of the  partnership firm.

Good will is  a /an ___________.

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

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

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

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

Credit balance  in the Profit  and Loss account  indicates _________.