Admission of a ...

Under super profit basis, goodwill is calculated by:

___________ method is followed when the new partner does not bring in his share of goodwill in cash. 

Under average profit basis, goodwill is calculated by: 

The following is not a mode of reconstitution of a partnership firm.

Excess of actual profit over normal profit is called

Consequent upon admission of a new partner in a firm the value of the goodwill is valued at Rs.60,000. But there exists a goodwill account in the balance sheet which stood at Rs.48,000 what would be treatment of goodwill at the time of admission of a new partner if the firm follows revaluation method of goodwill?

When the purchasing company decides to compensate the selling company on the basis of the agreed value of assets and liabilities, the method of calculating purchase consideration is _______________.

A and B were equal partners in a firm. On $$1-1-2001$$, they admitted C on the following conditions: C should bring $$Rs. 20,000$$ as capital, and  $$Rs. 10,000$$ as goodwill. In future A, B and C would share profits and losses in the ratio of  $$2 : 1 : 2$$. A and B will share the goodwill in the ratio of _________. 

Admission of new partner necessitates ___________.

X & Associates is a partnership firm, it intends to revalue its goodwill, average profit for the past five years is Rs. 11,000 per annum and goodwill is being valued 3 years purchase of average profit. What would be the value of the goodwill of the firm?