Retirement or D...

Find the goodwll of the firm using capilatalization method from the following information:
Capital employed Rs.$$4,80,000$$
Rate of normal - $$15\%$$
Profits for the year Rs.$$90,000$$

A & B are partner for $$5:3$$. The take C and new profit sharing ratio will be $$3:2:1$$. Profit of loss in revaluation is shared by __________.

R & S are in partnership sharing profit and losses at the ratio $$3:2$$. They take T as a new partner. Calculate the new profit sharing ratio, if T simply gets $$1/10$$th share of profit.

A & B shares profit and losses equally. The admit C as an equal partner and assets were revalued as follow: Stock at Rs.$$20,000$$ (book value Rs.$$12,000$$); Machinery at Rs.$$60,000$$ (book value Rs.$$55,000$$). Find profit/loss on revaluation to be shared among A & B.

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 fring 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 will be __________.

X & Y share profits & losses in the ratio of $$2:1$$. They take Z as a partner and the new profit sharing ratio becomes $$3:2:1$$. Z brings Rs.$$4,500$$ as premium for goodwill. The full value of goodwill will be _____________.

X & Y sharing profits in the ratio of $$3:1$$. They admit Z as a partner who pays $$Rs.4,000$$ as goodwill the new profit sharing being $$2:1:1$$ among X,Y & Z respectively. The amount of goodwill will be credited to ___________.

Y & W were in partnership sharing profit & losses equally. They admit S as a partner and decide to share profits equally. Goodwill is valued at Rs.$$60,000$$ but is to be immediately written off. The effect of this on Y's capital would be to ___________.

A & B shares profit and losses equally. The admit C as an equal partner and assets were revalued as follow:Stock at Rs.$$10,000$$ (book value Rs.$$12,000$$); Machinery at Rs.$$50,000$$ (book value Rs.$$55,000$$): Building would be appreciated by $$10\%$$ (book value Rs.$$15,000$$). Find the profit/loss on revaluation to be shared among A and B.

A,B & C are in partnership sharing profits and losses in the ratio $$2:2:1$$. They want to admit D into partnership with $$1/5$$ share. D brings in Rs.$$30,000$$ as capital and Rs.$$10,000$$ as premium for goodwill. If premium money is retained in business which of the following journal entry is correct for sharing premium for goodwill?