Question : For the adjustment of goodwill, valued goodwill will be adjusted in ------- ratio existing goodwill will be written off in -------- ratio.

Option 1: New, sacrifice 

Option 2: Old, sacrificing 

Option 3: Sacrificing, old 

Option 4: Gaining, old 

Question :  Gaining ratio =

Option 1: New ratio - Sacrifice ratio

Option 2: Old ratio – Sacrifice ratio

Option 3: New ratio – Old ratio 

Option 4: Old ratio – New ratio

Question : ‘Gaining Ratio’ means - 

Option 1: Old Ratio – New Ratio

Option 2: Old Ratio – Sacrificing Ratio

Option 3: New Ratio – Old Ratio

Option 4: New Ratio – Sacrificing Ratio

Question :

Gaining ratio means 

Option 1: Old ratio-sacrificing ratio 

Option 2: New ratio- sacrificing ratio 

Option 3: New ratio–old ratio 

Option 4: Old ratio–New ratio

Question : New Ratio =

Option 1: Old  Ratio – Sacrificing Ratio

Option 2: Old Ratio –  Gaining Ratio

Option 3: Both 1 and 2

Option 4: None of the above 

Question : Which of the following statements is false?

Option 1: New Profit-share = Existing (Old) Profit-share + Profit Share taken of Deceased Partner

Option 2: Gaining ratio = new ratio – old ratio

Option 3: New ratio = old ratio + sacrificing ratio 

Option 4: None of the above