When the time of withdrawals is not mentioned, interest on drawings is charged ______.

In the absence of a partnership deed, partners are not entitled to receive ______.

Which accounts are opened when the capitals are fixed?

The interest on capital accounts of partners under the fixed capital method is to be credited to ______.

Partnership deed is also called ______.

When the new partner pays for goodwill in cash, the amount should be debited in the firm’s book to _____.

At the time of admission of a new partner, undistributed profits appearing in the balance sheet of the old firm is transferred to the capital account of _____.

A general reserve treated at the time of admission of a new partner, it is transferred to ______.

On reconstitution of a partnership firm, recording of an unrecorded liability will result in ______.

The balance of the revaluation account is transferred to the old partner’s capital accounts in their _____.

Recording of an unrecorded asset on the reconstitution of a partnership firm will be ______.

What is the formula to calculate the gaining ratio?

At the time of an admission of a new partner, the general reserve that is appearing in the old balance sheet is transferred to _____.

The increase in the value of assets on reconstitution of the partnership firm results in ______.

Under the capitalisation method, goodwill is calculated by _____.

The realisation account is debited with _______ on the dissolution of a firm.

If the total assets are Rupees 3,35,000 and the total outside/external liabilities is Rupees 35,000, then the amount of all partner’s capital will be _________.

The amount realised from an unrecorded asset is credited to ___________ on the dissolution of a firm.

A firm can be voluntarily dissolved by the partners ______.

When the unrecorded assets are taken over by a partner, they are shown in ________.