Admission of a ...

Decrease in assets at the time of retirement of partner is _________.

Increase in assets at the time of retirement of partner is _______.

Decrease in liability at the time of retirement of partner is ________.

If three partners A, B & C are sharing profits as $$5 : 3 : 2$$, then on the death of a partner A, how much B & C will pay to A's executor on account of good will. Good will is to be calculated on the basis of $$2$$ years purchase of last $$3$$ years average profits. Profits for last three years are : $$Rs.3,29,000$$; $$Rs.3,46,000$$ and $$Rs.4,05,000$$.

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 old profit sharing ratio and written off in ______ if it agreed not show goodwill in the books of the firm OR ALTERNATIVELY premium for goodwill should be adjusted through partners capital account by debiting new partners share of goodwill to his account and crediting old partners capital accounts in _________.

Average profit of a firm is Rs.$$1,20,000$$. The rate of capitalization is $$12\%$$. Assets and liabilities of the firm are $$10,000$$ & Rs.$$4,25,000$$ respectively. The value of goodwill of the firm is ________________.

Find the goodwill of the firm using capitalization method from the following information:
Total Capital Employed Rs.$$8,00,000$$
Reasonable Rate of Return $$15\%$$
Profits for the year Rs$$12,00,000$$

Which of the following formula is/are used for valuation goodwill under super profit basis?

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

Balances of A, B & C sharing profits & losses in proportionate to their capitals, stood as:
A = $$Rs.2,00,000$$
B = $$Rs.3,00,000$$
C = $$Rs.2,00,000$$
A desired to retire from the firm, B and C share the future profits equally, Goodwill of the entire firm be valued at $$Rs.1,40,000$$ and no Goodwill account being raised. What entry will be passed for payment of Goodwill?