Retirement or D...

A & B are sharing profits in the ratio of $$5:3$$. C was admitted on the following terms:
New profit sharing ratio wiill be $$7:5:3$$
Machinery would be appreciated by $$10\%$$ (book value Rs.$$1,80,000$$)
Building would be depreciated by $$6\%$$ (book value Rs.$$1,50,000$$)
To create provision for bad debts $$5\%$$ on Debtors of Rs.$$40,000$$
Find the distribution of profit/loss on revaluation between A & B

The net profits of a business, after providing for income tax for the last 5 years were: Rs 80,000, Rs 1,00,000, Rs 1,20,000, Rs 1,25,000 and Rs 2,00,000 respectively. The capital employed in the business is Rs 10,00,000 and the normal rate of return is $$10\%$$. Calculate the value of the goodwill on the basis of the annuity method taking the present value of annuity of Rs 1 for 5 years at $$10\%$$ is 3.7907.

If one of the partner of a partnership firm comprising 2 partners dies, then _________.

Find the goodwill from the following information:
Capital employed - Rs 8,25,000
Rate of normal return - Rs. $$10\%$$
Future Maintainable profit - Rs 1,50,000
Annuity factor - Rs. 3.17

Capital employed by a partnership firm is $$Rs.1,00,000$$. Its average profit is $$Rs.20,000$$. Normal rate of return is $$15\%$$. Value of goodwill is _________.

Choose the correct answers from the alternatives given.
Unless otherwise agreed, a retiring partner can _______. 

A partnership contract was revised and due to this revision it was found that the distribution of profit amongst the partners is required to be changed after true closure of accounts. This will affect which account?

The net profits after tax of Z & Co. for the past 5 years are as follows:

Year	Profit
2007-2008	2,56,000
2008-2009	2,64,000
2009-2010	3,76,000
2010-2011	4,86,000
2011-2012	5,30,500

The capital employed is Rs. 16,00,000. Rate of normal return is $$15\%$$. Calculate the value of the goodwill on the basis of annuity method on super-profits basis, taking the present value of an annuity of Rs 1 for the 4 years at $$15\%$$ as 2.855

A & B are partners with capitals of $$Rs.10,000$$ and $$Rs.20,000$$ respectively and sharing profits equally. They admitted C as their third partner with 1/4th profits on the payment of $$Rs.12,000$$. The amount of hidden goodwill is ___________.

Find the goodwill from the following information:
Capital employed - Rs. 11,00,000
Rate of normal return - Rs. $$10\%$$
Future Maintainable profit - Rs. 2,00,000
No. of year purchases - 3 years