Admission of a ...

Under average profit basis goodwill is calculated by :

Which of the following asset is compulsory to revalue at the time of admission of a new partner?

Under annuity basis goodwill is calculated by _________________.

In which of the following case the need for the valuation of goodwill in a firm may arise?

The correct entry for recording losses on revaluation would be:

Sometimes, all the partners including the new partner may agree no to alter the book value of assets and liablities even when they agree to revalue them. In order to record this, ______ is opened.

A & B are partner for $$5:3$$. The take C and new profit sharing ratio will be $$3:2:1$$. Profit of loss in revaluation is shared by __________.

Find the goodwill from the following information:
Capital employed - Rs.$$11,00,000$$
Rate of normal return - Rs.$$10\%$$
Future Maintainable profit - Rs.$$2,00,000$$
No. of year purchase -$$3$$ years

A & B are partners sharing profits & losses in the ratio of $$3:2$$. C was admitted to the firm and to introduce a capital of Rs.$$25,000$$. The new profit sharing ratio of A,B and C will be $$3:2:1$$ respectively. C is unable to fring in cash for his share of goodwill, partners therefore, decide to raise goodwill account in the books of the firm. They further decide to calculate goodwill on the basis of C's share in the profits and the capital contribution made by him to the firm. Before admission of C capital account balance of A & B was Rs.$$44,000$$ & Rs.$$36,000$$ respectively. Total goodwill to be raised in the books of the firm will be __________.

The following particulars are available in respect of the business carried on by a partnership firm:
Trading Results: