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  • Question 1
    1 / -0

    A and B are partners sharing profits and losses in the ratio of $$3: 2$$. They admit C into the partnership for one-fourth share of the profits while A and B as between themselves are sharing profits & losses equally. The new profit sharing ratio will be _______. 

  • Question 2
    1 / -0

    X and Y shared profit and losses in the ratio of 3:2. With effect from 1st April they agreed to share profits equally. The goodwill of the firm was valued at Rs 30,000. The necessary single adjusting entry will involve.

  • Question 3
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    A and B are partners sharing profits in the ratio of $$4: 1$$. C is admitted for $$1/4$$th share in profits which he acquires wholly from A. The new profit sharing ratio will be _________. 

  • Question 4
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    A and B are partners sharing profits in the ratio of $$3: 2$$. C is admitted into the firm for $$1/5$$th share in the profit which he acquires equally from A and B. The new profit sharing ratio will be ________. 

  • Question 5
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    Accumulated profits/losses & reserves on the retirement of a partner are shared by the partners in their __________. 

  • Question 6
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    A and B are partners sharing profits in the ratio of $$1 : 2$$. They admit C for $$1/5$$th share and decide to share future profits equally. The new profit sharing ratio will be _______. 

  • Question 7
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    A, B and C share profits as $$1/2$$ to A,$$1/3$$ to B, $$1/6$$ to C. B retires, and his share is taken up by A and C in the ratio of $$1 : 3$$. The new profit sharing ratio will be ________. 

  • Question 8
    1 / -0

    A, B and C are partners sharing profits in the ratio of $$1/2, 1/3$$ and $$1/6$$. B retires. A and C decide to share future profits in the ratio of $$3: 2$$. The gaining ratio will be ______. 

  • Question 9
    1 / -0

    A, B and C are partners sharing profits in the ratio of $$1/2, 2/5$$ and $$1/10$$. B retires and his share is taken up by A and C in the ratio of $$1 : 5$$. The new profit sharing ratio of A and C will be __________.

  • Question 10
    1 / -0

    A, B and C share profits in the ratio of $$4/9, 1/3$$ and $$2/9$$. B retires. The new ratio, if A purchases B's share, will be __________. 

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