Accounting for ...

A, B and C are three partners sharing profit and loss in the ratio of $$2:3:1$$ B retires from the firm. What is the new profit sharing ratio of the remaining partners

XYZ are three partners in a firm sharing profit and loss equally. P is admitted as a new partner for $$1_{/4}$$ share of profit. He brings Rs. $$45,000$$ as his capital for $$1_{/4}$$ share of profit. The combined capital of the old partner stand Rs. $$1,05,000$$ each partner having capital of Rs. $$35,000$$. The partners decided that the capital of firm be restructured on the basis of P share capital and capital of all the partners should be in their profit sharing ratio. What should be the combined capital of the existing partner after restructuring.

A and B are partners in a firm with profit sharing ratio of 2:3, they admit C as a partner for 1/3 share of profit. What would be the sacrificing ratio of A and B?

X and Y are two partners in a firm, they admitted C as a third partner for $$1_{/3}$$ share of profit. On admission of new partner old partner noticed an unrecorded assets of Rs. $$6,000$$ and unrecorded liability of Rs. $$2,000$$ which they want to account for before admission of a new partner in the books of a/c. What entry will be made for this revaluation?

A and B are partners in a firm with profit sharing ratio of $$3:2$$, they admit C as a partner for $$1_{/4}$$ share of profit. What would be the sacrificing ratio of A and B.

A, B and C are three partners in a partnership firm dealing in ready-made garments. A on his own without knowledge and consent of remaining partners enter into a forward trading of commodities and run into heavy losses, a can _______.

XYZ are three partners in a partnership firm dealing in fashionable garments. Z on his own without knowledge and consent of remaining partners signed an export order on which he made substantial profit. Z is liable to ________

In the absence of specific provisions in the partnership deed, every partner is bound to contribute ______ to the losses of the firm

Liability of a firm is.......

Select the odd one