Question : When goodwill is not purchased, goodwill account can:

Option 1: Never be raised in the books

Option 2: Be raised in the books

Option 3: Be partially raised in the books

Option 4: Be raised as per partnership deed

Question : In the case of Non–purchased goodwill account can:

Option 1: Be partially raised in the books

Option 2: Never be raised in the books

Option 3: Both 1 and 2

Option 4: None the these

Question : Increase in value of Goodwill means___________

Option 1: Goodwill purchased

Option 2: Non purchased goodwill ( self - Generated goodwill )

Option 3: Both 1 and 2

Option 4: None of the above

Question : Increase in value of Goodwill means___________

Option 1: Goodwill purchased

Option 2: Non purchased goodwill ( self - Generated goodwill )

Option 3: Both 1 and 2

Option 4: None of the above

Question : When a partner retires his share of goodwill is

Option 1: Cr. to his account 

Option 2: Dr. to his account

Option 3: Either 1 and 2

Option 4:   No  of the above