Retirement or D...

The value of the reputation of a firm in respect of the profits expected in future over and above the normal profits is ________.

what are accumulated profits ?

Normal Profit = ________________

Give journal entry of:
General reserve, transferred to partners capital accounts:

Money value of the reputation of business is known as ______.

Interest on capital of partner is a _________.

A partner may retire from the firm ________.

Monetary value of business reputation is called _______.

At time of admission overstated asset  is transferred to _______account. 

P and Q are two partners sharing profit and loss equally. P draws Rs. 2,000 at the end of each month for 6 months whereas Q draws Rs. 4,000 at the beginning of each month for six months. Assuming that interest on drawing is to be charged @ 5% p.a interest on drawing of Q will be _____.