Admission of a ...

A and B are partners in a firm sharing profits and losses in the ratio of 3:2 They admit a new partner C. A surrenders 1/5 of his share and B 2/5 of his share in favor of C. For purpose of C’s admission, goodwill of the firm is valued at ₹75,000 and C brings his share of goodwill in cash which is retained in the firm’s books. Calculate sacrificing ratio of A and B

Anu and Babita are partners in a firm sharing profits and losses in the ratio of 3:2. On April 1, 2003 they admit Deepak as a new partner for 3/13 share in the profits. Deepak contributed the following assets towards his capital and for his share of goodwill: Land ₹90,000, machinery ₹70,000, stock ₹60,000 and debtors ₹40,000. On the date of admission of Deepak, the goodwill of the firm was valued at ₹5,20,000, which is not appear in the books. Calculate amount of goodwill brought in by new partner

N and S are partners sharing profits and losses in the sates 2:1. They admit G as a partner for 1/4th Share. G pays ₹50,000 as capital but does not bring any amount for goodwill. The goodwill of the new firm is valued at ₹36,000. Calculate the amount to be credited to N for his sacrifice in the form of premium for goodwill.

Anu and Ram were partners in a firm sharing profits and losses in the ratio of 7:3. They admitted Chander as a new partner. The new profit sharing ratio between Anu, Ram and Chander will be 2:2:1.Chander brought Rs. 24,000 for his share of his goodwill. Who is the gaining partner in the above transaction?

Ashok and Ravi were partners in a firm sharing profits and losses in the ratio of 7:3. They admitted Chander as a new partner. The new profit ratio between Ashok, Ravi and Chander will be 2:2:1.Chander brought Rs.24,000 for his share of his goodwill. Calculate the amount Ravi compensate to the Ashok share in the above transaction

Deferred revenue expenditure given in the Asset side of Balance sheet will be :