"When the value of goodwill is not given at the time of admission of a new partner. In such a situation it has to be inferred from the arrangement of the capital and profit sharing ratio."

Identify the method of valuation of goodwill being highlighted in above statement.

The new profit sharing ratio of Arun, Ram and Sanjeev will be:

In case of admission of a partner, if a new partner is unable to bring the goodwill amount, then his/her goodwill premium will be taken from _________.

Dhoni and Kohli share profits in the ratio of 3:2. Gill was admitted as a partner for 1/5 share. New profit sharing ratio, if Gill acquires 3/20 from Dhoni and 1/20 from Kohli, would be:

Arrange the steps involved under the super profit method of calculating goodwill-

(A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return

(B) Calculate the average profit

(C) Calculate goodwill by multiplying the super profits by the given number of years' purchase

(D) Calculate the super profits by deducting normal profit from the average profits

Choose the correct answer from the options given below:

1. (A), (B), (C), (D)
2. (B), (C), (A), (D)
3. (B), (A), (D), (C)
4. (C), (B), (D), (A)

Match List-I with List-II

Choose the correct answer from the options given below:

A new partner can be admitted: