New partner have the right to receive ___________
5% interest on capital p.a
4% interest on capital p.a
6% interest on capital p.a
None of the above
Revaluation account is__________
Nominal A/c
Real A/c
Personal A/c
Share of goodwill brought in cash by the new partner is called ____________.
Capital
Profit
Premium
Loss
Revaluation account is a ___________ account.
Real
Nominal
Personal
None of these
Unrecorded assets is __________
Gain on revaluation
Loss on revaluation
Under ___________ method,goodwill is raised in the books at its full value and written off immediately after the admission.
Revaluation
Memorandum revaluation
Under revaluation method goodwill is raised by__________.
All partners
New partners
Old partners
There are ____________ main methods of treatment of goodwill.
Two
Three
Four
Five
Contribution of the goodwill by the new partner can be shared by the old partners.
Old ratio
Capital ratio
Sacrificing ratio
Under _____________ method the new partner brings in his share of goodwill in cash.
Fixed
