Question : Which of the statements is true?

Option 1: The deceased partner is entitled to his share of goodwill because goodwill was earned by The firm when he was a partner.

Option 2: In the case of Retirement of a Partner, Gaining Partners Compensate the deceased partner by paying goodwill in their gaining ratio.

Option 3: Deceased Partner s Share of Goodwill = Value of Firm's Goodwill × Profit Share of Deceased Partner

Option 4: All of the above 

Question : The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners gains, involves the following :

(A) Gaining Partner's Capital Account is debited

(B) Premium for Goodwill Account is debited

(C) Sacrificing Partner's Capital Account is credited

(D) Gaining Partner's Capital Account is credited

Choose the correct answer from the options given below:

Option 1: (A), (B) and (D) only

Option 2: (A), (B) and (C) only

Option 3: (A), (B), (C) and (D)

Option 4:  (B), (C) and (D) only

Question : Relationship between two figures, expressed in arithmetical terms is called -------

Option 1: Percentage

Option 2: Ratio

Option 3: Ratio analysis 

Option 4: None of the above

Question : Relationship between two figures, expressed in arithmetical terms is called -------

Option 1: Percentage

Option 2: Ratio

Option 3: Ratio analysis 

Option 4: None of the above

Question : ---------------may be expressed as an arithmetical relationship between two accounting variables.

Option 1: Ratio 
 

Option 2: Accounting ratio

Option 3: Ratio Analysis

Option 4: None of the above