Retirement or D...

A, B & C are partners sharing profits & losses in the ratio of 3:2:1. B retired from the firm. Partners A & C decided to take his share in 3:1 ratio. What is the new ratio of the partners A & C?

A, B & C partners in a firm sharing profits, losses in the ratio of 4:3:2. B decided to retire from the firm. B gives his share to A and C in the original ratio of A & C. What is the gain ratio?

Find the goodwill from the following information:

A firm of X,Y & Z has a total capital investment of Rs.$$3,60,000$$. The firm earned net profit during the last four years as Rs.$$56,000$$, Rs.$$64,000$$, Rs.$$96,000$$ and Rs.$$80,000$$. The fair return on the net capital employed is $$15\%$$. Value of goodwill if it is based on $$3$$ years purchase of the average super profits of past $$4$$years.

Find the goodwill of the firm using capitalization method from the following information:
Total Capital Employed Rs.$$8,00,000$$
Reasonable Rate of Return $$15\%$$
Profits for the year Rs$$12,00,000$$

Average profit of a firm is Rs.$$1,20,000$$. The rate of capitalization is $$12\%$$. Assets and liabilities of the firm are $$10,000$$ & Rs.$$4,25,000$$ respectively. The value of goodwill of the firm is ________________.

Which of the following formula is/are used for valuation goodwill under super profit basis?

A & B are partners for $$5:3$$.They take C and new profit sharing ratio was $$4:3:1$$. Memorandum revaluation A/c is opened to show assets and liabilities at original values. How profits will be shared?

A, B & C partners in a firm sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. B gives his share to A & C in ratio of 3:1. What is the gain ratio?

On the admission of a new partner, it is believed that the assets have changed in value. to record a decrease in the value of an asset the double entry should be _____________________.