The ratio  in which  the  old partners  have  agreed   to sacrifice  their shares  in profit   in favour of  a new  partner  is  called the ___________.

In _________method  goodwill is valued  on the basis  of  excess profits earned by a  firm  in comparison  to  average profits  earned by  other firms.

Credit balance  in the Profit  and Loss account  indicates _________.

Gaining  ratio is calculated  on  ___________ of  a partner.

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

If from the  firm of A,B,C sharing   profits  in 5:3:2  ratio, B  retires  and remaining  partners  share  future  profits  in 3:2  ratio,  their  gaining  ratio is _________.

___________ is the value of  reputation of a firm.

If  the incoming  partner  does not bring in his  share  of goodwill in cash,  then _______ method, is  followed.

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

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