Self Studies
Self Studies
Self Studies
Self Studies

Admission of a ...

TIME LEFT -
  • Question 1
    1 / -0

    DK and SK are partners sharing profits in the ratio of 4:1. They admit PK as a new partner for 1/4th share in future profits, which he wholly acquired form DK. Find out new ratio.

  • Question 2
    1 / -0

    Z is a new partner and acquires his1/5th share of profit from X, an existing partner and present value of firm’s goodwill is Rs. 50,000. In this case Z is required to pay to X.

  • Question 3
    1 / -0

    Kamal and Rahul are partner’s in a firm sharing profits and losses in the ratio of 7:3.They admit Kaushal as a prtaner for 1/5th share.Kaushal acquires his share from Kamal and Rahul in the ratio of 3:2 . The goodwill of the firm has been valued at Rs.25000. Kaushal paid Rs.10000 privately to X and Y as his share of goodwill. What should be the journal entry

  • Question 4
    1 / -0

    L and M are partners in a firm profit sharing ratio are 7:3. N and is admitted as a new partner for 3/7th share which he acquires 2/7th from L and 1/7th from M. N brings in ₹ 40000 as capital and ₹15000 as his share of goodwill. How much amount will be credited to L:

  • Question 5
    1 / -0

    Vivek and Vishal are partner with capital of ₹26000 and ₹22000 respectively. They admit David as partner for 1/4th share in the profits of the firm. David bring ₹30,000 (including 4,000 premium for goodwill) as his share of capital and premium. Journal entry for capital amount brought by new partner

  • Question 6
    1 / -0

    Hem and Nem are partners in a firm sharing profits in the ratio of 3:2. Their capitals were ₹80,000 and ₹50,000 respectively. They admitted Sam on Jan. 1, 2007 as a new partner for 1/5 share in the future profits. Sam brought ₹60,000 as his capital. With what amount Nem’s capital account will be credited?

  • Question 7
    1 / -0

    A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.

  • Question 8
    1 / -0

    A, B and C are partners sharing profits in the ratio of 3:2:1. They admit D for 1/6 share. C would retain his old share. Calculate new ratio of all partners.

  • Question 9
    1 / -0

    A, B and C are partners sharing profits in the ratio of 3:2:1. They admit D for 1/6 share. C would retain his old share. Calculate C’s sacrifice

  • Question 10
    1 / -0

    If partners capitals are fixed, premium for goodwill will be:

Submit Test
Self Studies
User
Question Analysis

  • Answered - 0

  • Unanswered - 10

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Submit Test
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now