Admission of a ...

When required amount for premium for goodwill is not brought in by new partner, goodwill account is raised in the books of the firm by debiting goodwill account and crediting partners capital account in

X & Y sharing profits in the ratio of $$3:1$$. They admit Z as a partner who pays $$Rs.4,000$$ as goodwill the new profit sharing being $$2:1:1$$ among X,Y & Z respectively. The amount of goodwill will be credited to ___________.

The profits of last three years are $$Rs.42,000$$; $$Rs.39,000$$ and $$Rs.45,000$$. Find out goodwill of $$2$$ years purchase.

Y & W were in partnership sharing profit & losses equally. They admit S as a partner and decide to share profits equally. Goodwill is valued at Rs.$$60,000$$ but is to be immediately written off. The effect of this on Y's capital would be to ___________.

Sometimes, the value of Goodwill has to be inferred from the agreement of capitals and profit sharing ratio among the partners, it is known as _______.

Find the goodwll of the firm using capilatalization method from the following information:
Capital employed Rs.$$4,80,000$$
Rate of normal - $$15\%$$
Profits for the year Rs.$$90,000$$

Capital employed by a partnership firm is Rs. $$1,00,000$$. Its average profit is Rs. $$20,000$$. Normal rate of return is $$15\%$$. Value of goodwill.

A & B shares profit and losses equally. The admit C as an equal partner and assets were revalued as follow: Stock at Rs.$$20,000$$ (book value Rs.$$12,000$$); Machinery at Rs.$$60,000$$ (book value Rs.$$55,000$$). Find profit/loss on revaluation to be shared among A & B.

At the time of retirement of a partner full good will is credited to the accounts of ______________.

X & Y share profits & losses in the ratio of $$2:1$$. They take Z as a partner and the new profit sharing ratio becomes $$3:2:1$$. Z brings Rs.$$4,500$$ as premium for goodwill. The full value of goodwill will be _____________.