Retirement or D...

Goodwill brought in by the incoming partner is shared by the old partners in _________

Which of the following is an example of real asset

Goodwill is______________.

New incoming partner pays his share of goodwill in cash and profit sharing ratio of old partner is changed, Goodwill be distributed among old partners ____________.

Death of a partner has the effect of _________.

X and Y are partners sharing profits in the ratio of 3 : 1. They admit Z as a partner who paid $$Rs.40,000$$ as Goodwill, the new profit sharing ratio being 2: 1: 1 among X, Y and Z respectively. The amount of goodwill will be credited to __________.

Amount spent on acquiring goodwill is a ____________.

Which of these is not a method of treatment of goodwill?

Premium method of goodwill valuation is generally followed in the event of

A and B are two partners sharing profit and loss in the ratio of $$2:3$$.C is admitted as a third partner for which he brings Rs. $$6,000$$ in cash as his share of goodwill, the partners decided to share profit and loss in the ratio of $$4:6:6$$ in future. Find the sacrificing ratio.