Retirement or D...

A, B and C are the partners in a business firm sharing their profits in the ratio of 4 : 3 : 2. A new partner D enters the firm. The new profit sharing of A, B, C and D is 5 : 4 : 2: 1. D contributes a goodwill of $$Rs.36,000$$. This goodwill is to be allocated among A, B and C. Which one of the following will be the correct allocation?

A and B share profits in the ratio of 2 : 1. C has been admitted with 1/4 share in profits. The new profit sharing ratio of the partners will be:

If A and B who are sharing profits in the ratio of 3: 1 admit C to one-fourth share in the future profits, the profit sharing ratio shall be

A, B and C are equal partners. D is admitted to the firm for one-fourth share. D brings Rs. $$20,000$$ as capital and Rs. $$5,000$$ being half of the premium for goodwill. The value of goodwill of the firm is _____________.

Under average profit basis goodwill is calculated using following formula:

A and B are partners sharing profits and losses in the ratio 5 : 3. They admitted C and agreed to give him 3/10th of the profit. What is the new ratio after C's admission?

In the case of downward revaluation of an asset which is for the first time revalued, the account to be debited is ________________.

A and B are partners sharing profits in the ratio $$5:3$$, they admitted C giving him $$3/10^{th}$$ share of profit. If C acquires $$1/5^{th}$$ share from A and $$1/10^{th}$$ from B, new profit sharing ratio will be.

The rate of underwriting commission payable on the issue of shares should not be more than _____.

Goodwill is a/an __________.