Admission of a ...

P and Q are partners sharing Profits in the ratio of 2:1. R is admitted to the partnership with effect from 1st April on the term that he will bring Rs. 40,000 as his capital for 1/4th share and pays Rs. 18,000 for goodwill, half of which is to be withdrawn by P and Q. How much cash can P & Q withdraw from the firm (if any)? 

Accumulated profits/losses & reserves on the retirement of a partner are shared by the partners in their __________. 

Partners Capital A/c is debited _________. 

Under capitalisation of super profit method, goodwill is calculated by ___________. 

A, B and C are partners yeah profits sharing ratio of 4 : 3: 2.B retires and Goodwill of Rs. 10,800 was valued. If A & C share future profits in the ratio of 5 : 3, then the amount of goodwill to be shared between A and C will be _______. 

Under super profit method goodwill is calculated by ___________. 

Retiring Partners share of goodwill is debited to remaining partners in their _________. 

Under annuity, basis goodwill is calculated by __________. 

A and B share profits in the ratio of 3: 2. C is admitted. A and B will in future get a 2/6th and 3/6th share of profit. The share of C will be ______. 

Revaluation Account is debited _______.