The amount of premium brought in by the new partner is shared amongst the old partners in their ____________.
Gaining ratio
Sacrificing ratio
Old ratio
New ratio
__________ is an invisible and intangible asset.
Cash
Revaluation
Capital
Goodwill
There are ____________ main methods of treatment of goodwill.
Two
Three
Four
Five
Revaluation account is__________
Nominal A/c
Real A/c
Personal A/c
None of the above
Goodwill is an ____________.
Tangible asset
Intangible asset
Only an imagination
None of these
On decreasing the amount of provision for doubtful debts,the __________ account is credited.
Profit and Loss
Trading
Balance sheet
On the eve of admission
The profit sharing ratio will be modified
Not changed
New partner's share is only granted
Share of goodwill brought in cash by the new partner is called ____________.
Profit
Premium
Loss
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
Memorandum revaluation
__________ enables a business concern to earn more profit on the capital employed by attracting more customers.
