Retirement or D...

Capital employed in a business is Rs. 1,50,000. Profits are Rs. 50,000 and the normal rate of profit is 20%. The amount of goodwill as per Capitalisation Method would be:

The ratio at which the continuing partners take up the retiring partner's share is _________.

Gaining ratio is equal to _________.

Goodwill means ____________.

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

An example of an intangible asset is:

The need for valuation of goodwill arises at the time of _______ of a business.

If the business is centrally located or is at a place having heavy customer traffic, then the goodwill tends to be ______.

The important methods of valuation of goodwill are:

Under super profit basis, goodwill is calculated by: