Page 1 - Home Assignment QUES

CLASS – XII
ACCOUNTANCY

Home Assignment

1. In___________ a new partner comes & joins the firm .

2. _____________ ratio in which one or more partners gain share of profit
as a result of sacrifice made by other partners of the firm

3. A & B partners sharing profit in 5:3, in future , C comes for one fifth share
,what will be new profit sharing ratio

4. A & B partners sharing profit in 2:3, in future A,B,C want to share equally,
____ will be the sacrificing partner

5. A & B partners sharing profit in 1:2, in future A,B,C want to share equally, __
will be the gaining partner

6. Which account will be debited when the amount of goodwill (premium)
is paid privately

a) cash a/c
b) premium for goowill a/c
c) partners capital a/c

d) none of these a/c

7. Which account will be debited when the amount of goodwill (premium)
is brought in cash

a) cash a/c
b) premium for goowill a/c

c) partners capital a/c
d) none of these

8. Which account will be credited when the amount of goodwill
(premium) is brought in cash

a) cash a/c

b) premium for goowill a/c