Admission of a ...

X, Y, Z were partners sharing profits in ratio 5:3:2. Goodwill does not appear in books, but it is agreed to be worth Rs 1,00,000 X retires from the firm and Y and Z decide to share future profits equally. X's share of goodwill will be debited to Y's and Zs capital A/c in a ratio:

In the event of amalgamation of partnership firms, the goodwill of each partner is credited to the partners of the respective firms in ________________.

When the goodwill is raised at its full value and written off at retirement of a partner, the remaining partners share goodwill in _________.

A partner in a firm _____________________.

If vendors are issued fully paid shares of Rs 1,00,000 in consideration of net assets of Rs 80,000, the balance of Rs 20,000, will be debited to

The articles of association can be altered by ___________ .

In endowment life policy, the amount is payable _____________________.

A, B and C are partners sharing profits equally. A retires and goodwill appearing in the books at Rs.3,000 is valued a Rs.6,000. A will get the credit of Rs. ________.

Tick the correct answer.
______ is an intangible asset.

$$X$$ and $$Y$$ shared profits and losses in the ratio of $$3:2$$ with effect from $$1^{st}$$April,2018 they agreed to share profits equally. The goodwill of the firm was valued at $$Rs. 60,000$$. The necessary single adjustment entry will be :