Retirement or D...

________  may be defined as the value of the reputation of the firm.

Goodwill is a _______ asset but not fictitious asset.

a) Dog - Goodwill  1. Fugitive good will
b) Cat -  Good will 2. Locality good will
c) Rat - Good will   3. Personal good will

If normal profit is $$Rs.50000$$, average profit is $$Rs.75000$$ than calculate Goodwill for $$2$$ years of purchase under super profit method_______.

On the death of a partner, the amount of joint life policy should be credited to the capital account of _________.

Under which of the following method Goodwill account is raised in the books of accounts.

The _______ is paid to new partner if his share of profit as per the profit sharing ratio is less then the guaranteed amount

Which of the following method is followed when incoming partner brings his share of Goodwill in cash___________.

Tom and Ban are partners in a Firm for 2 : 1 ratio.
They admitted Jay as new partner for 1/5 share. calculate new ratio ?

A, B, C are partners in a firm sharing profits and losses in ratio 5:3:4. If Partner B dies than new profit sharing ratio will be ______.