Admission of a ...

Money value of the reputation of business is known as ______.

When a new partner is admitted into a firm, which of these is not required ______________.

A new partner can be admitted only with the __________.

Interest on capital allowed to a partner is debited __________.

Monetary value of business reputation is called _______.

P and Q are two partners sharing profit and loss equally. P draws Rs. 2,000 at the end of each month for 6 months whereas Q draws Rs. 4,000 at the beginning of each month for six months. Assuming that interest on drawing is to be charged @ 5% p.a interest on drawing of Q will be _____.

Interest allowed on the capital of partner is charged to ________.

Which of these statements is true?

A new partner, along with other partners get ____________.

On admission of A, a new partner, the value of closing stock was brought down by Rs.6,500. The revaluation a/c will be ______.