Admission of a ...

R, J & D are the partners sharing profits in the ratio $$7:5:4$$. D died on $$30$$th June, $$2015$$. It was decided to value the goodwill on the basis of $$3$$ year's purchase of last 5 years average profits. It the profits are $$Rs.29,600$$; $$Rs.28,700$$; $$Rs.28,900$$; $$Rs.24,000$$ & $$Rs.26,800$$. What will be D's share of goodwill?

H & M are partners in a firm sharing profits and losses in the ratio of 3:2. Their capitals are Rs 90,000 and Rs 60,000 respectively. They admit K as a new partner who will get 1/6th share in the profits of the firm. K brings in Rs 37,500 as his capital. Calculate hidden goodwill?

A & B are partners sharing profits & losses in the ratio of 3:2. C was admitted to the firm and to introduce a capital of Rs  25,000. The new profit sharing ratio of A, B and C will be 3:2:1 respectively. C is unable to bring in cash for his share of goodwill, partners therefore, decide to raise goodwill account in the books of the firm. They further decide to calculate goodwill on the basis of C's share in the profits and the capital contribution made by him to the firm. Before admission of C capital account balance of A & B was Rs 44,000 & Rs 36,000 respectively. Total goodwill to be raised in the books of the firm = ?

Capital accounts of partner A & B are Rs 30,000 & Rs 16,000, They admitted C on the following conditions.
  - That C brings in Rs 10,000 as his capital for 1/4th share in profits.
  - That a goodwill account be raised in the books of the firm at Rs 15,000.
  - Profit on revaluation of assets & liabilities was Rs. 2,100
  - That the capital accounts of the partners be readjusted on the basis of their profit sharing ratio and any additional amount be debited or credited to their current accounts.
  - General reserve appearing in balance sheet at the time of admission of C was Rs 6,000.
To give effect to above current account of A & B will be ......... 

A, B and C are the partners sharing profits in the ratio 7 : 5 : 4. C died on 30th June. It was decided to value the goodwill on the basis of three year's purchased of last five year average profits. If the Profits are Rs. 53,600; Rs. 57,400; Rs.57,800; Rs. 48,000 and Rs. 26,800. What will be C's share of goodwill?

A and B are in partnership sharing profits and losses in the ratio of 3: 2. The capitals of A and B remaining after adjustments are Rs. 48,000 and Rs. 36,000 respectively. They admit 'C' as a partner who contributes Rs.21,000 as capital for a 1/5th share of profits to be acquired equally from both A and B. The capital accounts of old partners are to be adjusted by the proportion of C's capital to his share in the business. Calculate the amount of actual cash to be paid off or brought in by A will be ________. 

Balance of R,H & M sharing profits & losses in the ratio 2:3:2 stood as R - 10,000; H - 15,00,000; M - 10,00,000; Joint Life Policy 3,50,000 H desired to retire from the firm and the remaining partners decided to carry on with  the future profit sharing ratio of 3:2 Joint policy of the partners surrendered and cash obtained 3,50,000 What would be the treatment for JLP A/c?

A and B are sharing profits in the ratio of 3: 1. According to their partnership deed, on reconstitution of a firm, "goodwill is to be valued at two and a half years purchase of the average profits of the last three completed years." The profits were: Year I Rs. 20,000, Year II. Rs. 30,000, Year III Rs. 40,000, Year IV Rs. 50,000, Year V Rs. 60,000. C is admitted for 1/5th share in profits at end of Year VI. The amount which 'C' will be required to bring by way of his share of goodwill will be ________. 

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 execute on account of goodwill if Goodwill is to be calculated from $$2$$ years purchase of the last three years average profits. Profits for three years are: $$Rs.6,58,000$$; $$Rs. 6,92,000$$ and $$Rs.8,10,000$$. 

Balance of A,B & C sharing profits & losses in proportionate to their capitals, stood as:
A = 2,00,000
B = 3,00,000
C = 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 1,40,000 and no Goodwill account being raised.