Self Studies

Retirement or D...

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  • Question 1
    1 / -0

    A, B and C are partners sharing profits in the ratio of 4:3:24 : 3: 2. B retires. A and C decide to share profits in the future in the ratio of 5:35 : 3. The gaining ratio will be _______. 

  • Question 2
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    X, Y and Z are partners sharing profits & losses in the ratio of 4/8:1/3:2/94/8:1/3:2/9 respectively. Y retires. The gaining ratio and the new profit sharing ratio will be _________. 

  • Question 3
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    A and B are two partners sharing profits in the ratio of 3:23: 2. They admit C into partnership as a partner. A gives 1/3rd of his share while B gives 1/101/10th from his share. The new profit sharing ratio will be __________. 

  • Question 4
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    X, Y and Z are partners sharing profits & losses in the ratio of 4/94/9: 1/31/3: 2/92/9 respectively. Y retires, and his share is taken up by X and Z in the ratio of 13:1113:11. The new profit sharing ratio will be _________. 

  • Question 5
    1 / -0

    Under capitalisation of super profit method, goodwill is calculated by ___________. 

  • Question 6
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    X, Y and Z share in the ratio of 9:6:49:6:4. Y retires. X and Z decide to share the future profits in the same ratio in which Y and Z shared. The gaining ratio will be _______. 

  • Question 7
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    Under super profit method goodwill is calculated by ___________. 

  • Question 8
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    The profits and losses for the last 4 years are Losses Rs. 20,000; Losses Rs. 5,000; Profits Rs. 1,96,000 & Profits Rs. 1,52,000.The average capital employed in the business is Rs. 4,00,000. The rate of interest expected from capital invested is 12%. The remuneration of partners is estimated to be Rs. 2,000 per month. The value of goodwill from two years' purchase of super profits based on the average of four years is __________. 

  • Question 9
    1 / -0

    X, Y and Z are partners sharing profits & losses in the ratio of 4/9:1/3:2/9 respectively. Y retires and surrenders 13/72nd from his share in favour of X and the remaining In support of Z. The gaining ratio will be ______. 

  • Question 10
    1 / -0

    Under annuity, basis goodwill is calculated by __________. 

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