Admission of a ...

X and Y are partners sharing profit in the ratio of 1: 1. They admit Z for 1/5th share who contributed 25,000 for his share of goodwill. The total value of the goodwill of the firm will be:

A and B were partners in a joint venture sharing profits and losses in the ratio of 4:1. A supplies goods to the value ofRs. 55,000 and incurs expenses amounting to Rs. 400. B supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 300. B sells goods on behalf of the joint venture and realizes Rs. 92,000. B is entitled to a commission of 5 per cent on sales. B settles his account by bank draft. What will be the final remittance ?

A and B were partners in a joint venture Sharing profits and losses in the ratio of 3:2. A supplies goods to the value of Rs. 65,000 and incurs expenses amounting Rs. 1,000. B supplies goods to the value of Rs. 18,000 and his expenses amount to Rs. 1,000. B Sells goods on behalf of the joint venture and realizes Rs. 1,20,000. B entitled to commission of 5% on sales. B settles his account by bank draft. How much amount, B will pay to A as final settlement ?

A and B are partners in a business sharing profits in the ratio of 5 : 3. They admit C as a partner with 1/4 share in the profits which he acquires 3/4 from A and 1/4 from B. He pays 4,000 as his share of Goodwill A and B will be credited by:

Goodwill is a/an __________.

Goodwill of a firm of A and B is valued at 30,000. It is appearing in the books at 12,000. C is admitted for 1/4 share. What amount he is supposed to bring for goodwill?

R admitted as a new partner for one-fourth share of future profits, fails to bring in cash of 5,000 towards goodwill but the existing (old) partners S and T, sharing profits in the ratio of 3 : 2, raise the goodwill account at its full value. Therefore the partners will be credited for goodwill as:

A, B and C are the partners in a business firm sharing their profits in the ratio of 4 : 3 : 2. A new partner D enters the firm. The new profit sharing of A, B, C and D is 5 : 4 : 2: 1. D contributes a goodwill of $$Rs.36,000$$. This goodwill is to be allocated among A, B and C. Which one of the following will be the correct allocation?

Goodwill brought in by incoming partner in cash is taken away by the old partners in ___________.

Weighted average method of calculating goodwill is used when __________.