Question : If the new partner brings his share of goodwill in cash, it will be shared by old partners in -

Option 1: Old profit sharing ratio

Option 2: New profit sharing ratio

Option 3: Ratio of sacrifice

Option 4: In Capital ratio

Question : At the time of admission of a partner, the balance of the Investments Fluctuation
Reserve, after meeting the loss on revaluation of investments is transferred to _____________of __________in their_____________.

Option 1: All partners capital account and in their new profit sharing ratio

Option 2: Old partners capital account and in their sacrificing ratio

Option 3: Old partners capital account and in their old profit sharing ratio

Option 4: Only sacrificing partners capital account and their sacrificing ratio

Question : In the event of change in profit-sharing ratio, profit and loss (credit balance) existing in the Balance Sheet is transferred to Capital Accounts of partners in their

Option 1: Sacrificing ratio

Option 2: Gaining ratio

Option 3: Old profit-sharing ratio

Option 4: New profit-sharing ratio

Question : In the event of change in profit-sharing ratio, profit and loss (Dr) existing in the Balance Sheet is transferred to Capital Accounts of partners in their

Option 1: Sacrificing ratio

Option 2: gaining ratio

Option 3: old profit-sharing ratio

Option 4: new profit-sharing ratio

Question : When goodwill existing in the books is written off at the time of admission of a partner it is transferred to Partners' Capital Accounts in their

Option 1: Old profit-sharing ratio

Option 2: New profit-sharing ratio

Option 3: Sacrificing ratio

Option 4: Gaining ratio