Admission of a ...

Sometimes the value of _________ is not given at the time of admission of a new partner.

If the amount of goodwill is less than the agreed value, the difference between the agreed value of goodwill and the amount of goodwill appearing in the books will be debited to the _______ account.

Under revaluation method, when no goodwill exists in the books at the time of admission of partner, __________ account is debited with its full value.

When the value of goodwill appearing in the books is more than the agreed value, under revaluation method., __________ account is credited

Choose the correct answers from the alternatives given.
A person may be admitted as a partner with the consent of ________. 

Where in a partnership firm, the partners are entitled to interest on their capitals, such interest is payable _________.

Where a Partner has advanced any loan to the Firm and the agreement provides for interest, but does not specify any rate, the rate shall be _____.

Choose the correct answers from the alternatives given.
A person may be admitted as a new partner ________. 

Choose the correct answers from the alternatives given.
An incoming partner is liable for all the acts of the firm has done ________. 

Common examples for non-profit corporations are ________________.