Cuestion 31 Not yet answered According to Turnover or Sales Basis method, the profit up to the date of death is estimated on the basis of. Marked out of 1.00 Flag question Last year sales Current year sales Credit sales Future year sales Question 32 Not yet answered Mr. Abdulla, Mr. Dawood and Mr. Nasar are partners in a firm sharing profits and losses in the ratio of 3:2.1. If Mr. Abdulla retires, the new profit-sharing ratio between Mr. Dawood and Mr. Nasar will be Marked out of 100 Flag question None of the listed choices 4:10 2:10 4:2 Question 34 Not yet The ratio in which the continuing partners acquire the outgoing partner's share is called as: answered Marked out of 1.00 New loss Sharing Ratio New Profit Sharing Ratio Gaining Ratio Loosing Ratio Flag question The amount that the new partner brings in for the right to share in the partnership assets is: Question 35 Not yet answered Marked out of 1.00 Flag question Credited to goodwill account Debited to his capital account Credited to his capital account Debited to goodwill account