Retirement or D...

According to Section $$37$$ of the Indian Partnership Act, 1932, the interest payable to the representative of deceased partner on the amount left by him will be ______________ .

In the event of death of partner, the amount of General Reserve is transferred to partner's capital Accounts in ______________ .

Verma and Sharma are partners in a firm sharing profits and losses in the ratio of $$5:3$$. They admitted Ghosh as a new partner for $$1/5^{th}$$ share of profits. Ghosh is to bring in $$Rs. 20,000$$ as capital and $$Rs. 4,000$$ as his share of goodwill premium. Give the necessary Journal entries, when goodwill is paid privately.

Deepak, Farukh and Lilly were partners in a firm sharing profits in the ratio of $$3 : 2 : 1$$. On $$28.2.2015$$ Farukh retired from the firm. On Farukh's retirement there was a balance of $$Rs 12,000$$ in Workmen's Compensation Reserve which was no more required. On Farukh's retirement this amount will be:

The formula of capitalisation method is ___________.

A admitted as a new partner for 1/ 4 share of future profits, fails to bring in cash of Rs. 5,000 towards goodwill but the existing (old) partners B and C sharing profits in the ratio of 3 : 2 raise goodwill account at its full value. Therefore, partners will be credited for goodwill as:

According to the value of goodwill, the type of customers may be divided into ________________.

Under the memorandum revaluation method ___________.

A and B are partners sharing profits in the ratio of 7:3. C is admitted for 3/7 share in the profits, the new profit sharing ratio among the partners will be ____________________.

Ram and Shyam are partners in a firm with capital of Rs 4,80,000 and Rs 3,10,000, respectively. They admitted Ganesh as a partner with l/4th share of profit. Ganesh brings Rs 3,00,000 as his capital. Ganesh's share of goodwill will be __________.