__________ enables a business concern to earn more profit on the capital employed by attracting more customers.
Revaluation
Goodwill
Realisation
Capital
There are ____________ main methods of treatment of goodwill.
Two
Three
Four
Five
__________ is an invisible and intangible asset.
Cash
On the eve of admission
The profit sharing ratio will be modified
Not changed
New partner's share is only granted
None of the above
Super profit is equal to ______
Average profit - Normal profit
Reasonable profit - Average profit
Average profit itself
A ___________ is a nominal account.
Balance sheet
Receipts and Payments account
Revaluation account
None of these
Under _____________ method the new partner brings in his share of goodwill in cash.
Memorandum revaluation
Fixed
Premium
___________ account is debited with increase in the amount of liabilities.
Income and Expenditure account
Profit and Loss account
Contribution of the goodwill by the new partner can be shared by the old partners.
Old ratio
Capital ratio
Sacrificing ratio
Revaluation account is__________
Nominal A/c
Real A/c
Personal A/c
