Hello

4. The persons who have entered into a partnership with one another are individually called ________
7. Amount set aside out of profits for a specific purpose or to strengthen the financial position
9. If profit-sharing ratio of the old partners is not given, then their old profit-sharing ratio is taken to be _______
12. Interest on capital is allowed on which capital of the partners.
13. Maximum numbers of partners in a partnership firm
16. What kind of investments are made in another enterprise for the continuance of own Business
17. On which side of Balance sheet is Goodwill shown
18. Loss by fire is what kind of loss
19. All Assets - (Goodwill, fictitious assets and non-trade Investment) – Outsider’s Liabilities
21. An asset which places an enterprise at an advantage to earn higher than normal profits
23. Under this method both capital and current account are involved
25. Kind of goodwill for which a consideration has been paid
27. Change in value of assets and liabilities is adjusted through this account
28. When cash is brought into a partnership firm by a new partner, then this method is known as ______?
29. A _____ though not competent to contract, can be a partner in the firm but only in profits and not in losses.
30. A partner's share of assets and liabilities in the event of dissolution or liquidation of the partnership.

1. A written agreement between two or more parties outlining the terms and conditions of their partnership.
2. It is excess of actual profit over normal business profit
3. It is also called as inherent goodwill
5. Any change in partnership is called ______ of a partnership firm.
6. In Journal entry passed for writing off existing goodwill, is Goodwill A/c debited or credited
8. If the new partner brings his share of goodwill in cash, it will be shared by old partners in Ratio of
10. If the new partner brings his share of goodwill in cash, it will be shared by old partners in the ratio of _______
11. Salary to partners is _____________ of profit
14. Goodwill is what kind of asset
15. Under this method first of all we calculate the super profits and then we assess the capital needed for earning such super profits on the basis of normal rate of return.
20. A relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.
22. The formula for calculating the sacrificing ratio is ______ share – New share
24. On the admission of a new partner, Old partnership is
26. When a new partner brings his share of goodwill in cash, the amount is debited to which Account