Retirement or D...

A,B and C are three partners sharing profit and loss in the ratio of 3:2:1. B retires from the firm. What is the new profit sharing ratio of the remaining partners?

X,Y and Z are three partners in a firm. They are sharing profit and loss in the ratio of 2:2:1. Y retires from the firm on 31st March. The firm decided not to raise goodwill A/c in the books of a/c. What entry will be  made for the treatment of goodwill at the time of retirement of Y?

A,B and C are three partner sharing profit and loss 3:2:1 A dies on 30th June, 2012, If  the total profit for the year ending 31st march ,2013 amounted to Rs. 30,000. What would be the share of profit to be credited to A's A/c ?

Upon a admission of Champak Lal in a partnership firm as a new partner for 1/4th share of profit, the goodwill of the firm is valued at Rs.40,000. Goodwill to be brought in cash by Champak will be ______.

As per AS 26 only _____will be recorded in books of account .

Which of these is not found in case of retirement /death of a partner?

Which of the following is the odd one?

As per super profit method goodwill = ____________.

Which of these is not found in case of retirement/death of partner?

X & Associates is a partnership firm, it intends to revalue its goodwill, average profit for the past five years is Rs. 15,000 per annum and goodwill is being valued 5 years purchase of super profit. What would be the value of the goodwill of the firm if normal profit of the firm is Rs.12,000?