Admission of a ...

N & Z are partners in a firm sharing profits and losses in the ratio of 3:2. S joins the firm for 1/3rd share, and is to pay Rs 5,000 as premium for goodwill but cannot pay anything. As between N and Z, they decided to share profits and losses equally. It was agreed that goodwill has to be adjusted through partner's capital account. Required journal entry -

In which of the following case the need for the valuation of goodwill in a firm may arise?
(I) Admission of new partner
(II) While changing profit sharing ratio
(III) Retirement of partner
(IV) death of partner
Select the correct answer from the options given below 

N, S & Z are partners. They withdraw a fixed sum of Rs. $$2,000$$ per month as follows:
N draws at the beginning of each month, S withdraws at the middle of each month and Z withdraws at the end of each month. Rate of interest on drawings is $$8\%$$ p.a. Interest on drawings for the $$3$$ partners respectively will be.

A,B & C are equal partners. C wanted to retire for which value of goodwill is considered as 90,000 The necessary journal entry to be passed at the time of retirement will be:

A, B & C are equal partners. D is admitted to the firm for one-fourth share. D brings Rs 40,000 capital and Rs 10,000 being half of the premium for goodwill. The value of goodwill of the firm is ________. 

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 -

Ramesh and Suresh are partners sharing profits and losses in the ratio of 2:1 respectively. Ramesh capital is Rs 1,02,000 and Suresh capital is Rs 73,000. They admit Mahesh and agree to give him 1/5th share in future profits. Mahesh bring Rs 14,000 as share of goodwill. He agrees to contribute capital in the new profit sharing ratio. How much capital should be brought by Mahesh?

A , B & C are equal partners. They decided to take D who brought in Rs 36,000 as goodwill. The new profit sharing ratio is 3:3:2:2. The journal entry for goodwill will be -

A & B are partners having capital of Rs 29,000 & 15,000. Reserve shown in balance sheet was Rs 10,000. C is admitted as a new partner introducing a capital of Rs 21,000. New profit sharing ratio is 5:3:2. Profit on revaluation of assets & liabilities were Rs 5,000. C is to bring premium for goodwill in cash. Goodwill amount being calculated on the basis of C's share in the profits and capital contributed by him. Premium for goodwill to be brought in new partner C should be  ............

A,B & C sharing profit & losses in the ratio of $$3:2:1$$. A retired and Goodwill of the firm is to be valued at $$Rs.24,000$$. What will be the treatment for goodwill?