The method under which amount payable to the retiring partner is paid off at a time ___________

Hari, Roy and Prasad are partners in the ratio of 3:5:1 respectively. Roy wants to retire. His share is being purchased by Prasad. What would be the new ratio of Hari and Prasad respectively?

If opening capital is Rs.10,000 & Closing capital is Rs.15,000 then profit or loss _________

A partner who is newly admitted to the firm with the consent of all the parties is called _________

At the time of admission of a new partner, revaluation of ______ and _______should be taken up.

If opening capital Rs. 1,000 and closing capital Rs. 2000. Assuming no drawings during the accounting period, calculated the net income or loss for the period _______

Current accounts for partners will be opened under, ____________

The amount due to the________partner is either paid off immediately or is paid in instalments.

________ ratio is the proportion of the profit which is sacrificed or foregone by the old partners in favour of the new partner.

On admission of a partner if goodwill account is to be raised this should be debited to __________

Closing capital can be found by preparing a statement affairs at the _____ of the year.

Rate of interest is 11% and the rate of risk is 9% The normal rate of return is __________

Goodwill is shown under fixed assets in the ___________

Which of the following statements is not true in relation to admission of a part _________.

If the final amount due to a retiring partner is not paid immediately, it is transferred to

The term ‘fund’ refers to

Which of the following statement is false?

To test the liquidity of a concern, which of the following ratios are useful?
(i) Quick ratio
(ii) Net profit ratio
(iii) Debt-equity ratio
(iv) Current ratio
Select the correct answer using the codes given below:

When fixed capital method is adopted by a partnership firm, which of the following items will appear in capital account?

What is the amount of capital of the proprietor, if his assets are Rs. 85,000 and liabilities are Rs. 21,000?