________ of partner will be paid off, before the settlement of partner’s capital.

When a partner withdraws his capital from the partnership firm, it is called _______of a partner

Kayal, Mala and Neela are partners sharing profits in the ratio of 2:2:1. Kayal retires and the new profit sharing ratio between nila and neela is 3:2. Calculate the gaining ratio.

If the goodwill is raised to the extent of retiring partners share _______ account is to be debited

A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. On 1^st April, B retired and the new profit sharing ratio between A and C decided to 3 : 2. On 31^st March there were reserves of firm Rs. 24,000. This reserve will be divided among partners as __________

X,Y,Z were partners sharing profits in the ratio of 5:3:2. Goodwill does not appear in books, but it is agreed to be worth Rs. 1,00,000. X retires from the firm and Y and Z decide to share future profits equally. X’s share of goodwill will be debited to Y’s and Z’s capital A/c’s in ratio ___________

________ratio is calculated by taking out the difference between new profit sharing ratio and old profit sharing ratio

X, Y and Z were partners sharing profits and losses equally. X died on 1st April 2019. Find out the share of X in the profit of 2019 based on the profit of 2018 which showed Rs. 36,000.

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

On retirement of a partner from a partnership firm, accumulated profits and losses are distributed to the partners in the