Capital can be contributed the new partner in terms of ___________
Cash and assets
Cash only
Assets only
None of these
On decreasing the amount of provision for doubtful debts,the __________ account is credited.
Profit and Loss
Trading
Balance sheet
Revaluation
__________ is an invisible and intangible asset.
Cash
Capital
Goodwill
Super profit is equal to ______
Average profit - Normal profit
Reasonable profit - Average profit
Average profit itself
None of the above
The right of new partner is_______________
To control the management
To share the assets and profit of the firm
To be as an employee
In premeium method goodwill is contributed by new partner in terms of ________
Assets
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
The ratio in which the old partners lose or sacrifice their profit is called the _____________.
____________ is the excess of old share over the new share of the old partners.
____________ account is credited with increase in the value of assets.
