Account

2. Which capital account with balances always show a credit balance
3. , Interest on partners Capital account is
4. Goodwill brought by the incoming partner is distributed among the old partner in their
5. According to Accounting Standard-26, what type of goodwill is recognised?
7. , 5 in the absence of partnership deed, interest on ________ is charged from partners
9. , Capital in the beginning of a firm is known as?
11. partnership is a _______ business identity from accounting viewpoint
12. Rent received is a ____ receipt
15. , The Sales Book is a part of
16. , One of the reasons a firm is reconstituted is)
17. Product method is used for calculation of
18. , A minor partner has _____ liability

1. If the new partner bring his share of goodwill in cash it will be shared by old partner in
6. Unrecorded assets or liabilities are transferred to
8. , What type of asset goodwill is?
10. , On the retirement of a partner goodwill will be credited to the capital account of
11. The excess of actual/average profit over normal profit is known as?
13. Money withdrawn from a business by its owner is known as
14. Liability of a partner is