Retirement or D...

A and B are partners in the ratio of 2 : 1. They admit C for 1/4 share who contributes Rs. 30,000 for his share of goodwill. The total value of the goodwill of the firm is _________.

P, Q and R were partners in the ratio of 1/5, 1/3 and 7/15 respectively. R retires and his share was taken up by P and Q in the ratio of 3 : 2. The new ratio of P and Q will be:

C, M and Y are partners in the ratio of $$1/2 : 2/5 : 1/10$$. What will be new ratio of the remaining partners if C retires?

Average profit method is based on the assumption that _____________.

The amount received from insurance company on the maturity of joint life policy is distributed amongst the partners ___________.

Goodwill is regarded as an___________ asset.

On the admission of a new partner, the decrease in the value of assets is debited to:

A partner may retire with the consent of:

A, B and C are partners in a business sharing in the ratio of 5 : 3 : 2. B retires from the firm and his share was taken up by A and C in the ratio of 2 : 1. What is the new profit sharing ratio of the partners?

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. Their capitals on 30th June, 2014 are A - Rs. 10,000, B - Rs. 6,000 and C - Rs. 2.000. The current account balances are, A- Rs. 8,000 (Cr.), B - Rs. 3,000 (Cr.) and C - Rs. 9,000 (Dr.). Loss arising from the insolvency of C will be shared by A and B in: