Retirement or D...

A, B and C are partners sharing profits in the ratio of 3 : 2 : 3, their capitals on 30th June, 2014 are A Rs. 10,000, B Rs. 5,000 and C Rs. 6,000 (Dr.). C becomes insolvent and loss due to his insolvency will be shared by A and B in _____________

A and B are sharing profits and losses in the ratio of 4 :1. C is admitted as a new partner for 1/3rd share of profits for which he pays Rs. 30,000 as goodwill. If A and B agree to share future profits equally, then the amount of goodwill to be credited to A would be :

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit Z as a partner with 1/4th share of profit. Z acquires his share from X and Y in the ratio of 2 : 1. Z's share of goodwill is calculated at Rs. 6000. Z is not in position to bring any amount for goodwill. What additional entry will be required if after Z's admission, it is decided that the goodwill account should not appear in the Balance Sheet of new firm ?

The _______ of actual profits over the normal profits is termed as super profits.

Accumulated profits are transferred to capital account in ______ratio. 

Accumulated profits are distributed among the partners by transferring it to their _________account.

Who is entitled to have share in accumulated profits?

Under average profits method, goodwill is valued at agreed number of ________ purchase of the average profits of the past few years.

Accumulated Profits are transferred to ________________.

The capitalised value attached to the differential profit capacity of a business is called _________.