Retirement or D...

A & B were partners sharing profits & losses in the ratio of 3:1. C was admitted to the firm on the following terms:
C would provide Rs 1,00,000 as a capital and pay Rs 20,000 as goodwill for his 1/3rd share in future profits. Goodwill account would not appear in the books. A, B & C would share profits equally. Which of the following journal is correct in relation to premium for goodwill Rs 20,000 brought in by new partner?

R & S are in partnership sharing profit and losses at the ratio 3:2. They take T as a new partner. Calculate the new profit sharing ratio. If T simply gets 1/10th share of profit.

Profits & losses for the last years are:

2011-2012	Losses Rs 10,000
2012-2013	Losses Rs 2,500
2013-2014	Profits Rs 98,000
2014-2015	Profits Rs 76,000

The average capital employed in the business is Rs 2,00,000. The rate of interest expected from capital invested is $$12\%$$. The remuneration of partners is estimated to be Rs 1,000 per month. Calculate the value of goodwill on the basis of four years purchase of super profits based on the annuity of the four years. Take discounting rate as $$10\%$$.

A, B & C Care the partners sharing profits and losses in the ratio $$2:1:1$$. Firm has a joint life policy of $$Rs.1,20,000$$ and in the balance sheet it is appearing at the surrender value i. e. $$Rs.20,000$$. On the the death of A, how this JLP will be shared among the partners? 

A,B & Care partners sharing profits losses in the ration of $$4:3:2$$. B decided to retire form the firm. Calculate the new profit sharing ratio of A & C if  B gives his share to A only. 

The profits and losses for the last years are:

Year	Profit/(loss)
2001-2002	(20,000)
2002-2003	(5000)
2003-2004	1,96,000
2004-2005	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 p.m. not charged in the above losses/profits. Calculate the value of goodwill on the basis of 2 years purchase of super profits based on the average of four years.

A & B are partners sharing profits & losses in the ratio of 7:3. They admit C as a new partner. A sacrified 1/7th share of his profit and B sacrified  1/3rd of his share in favour of C. The new profit sharing ratio will be -

R & S are in partnership sharing profit and losses at the ratio 3:2. They take T as a new partner. Calculate the new profit sharing ratio. If T purchases 1/10th share to T in the ratio of 2:3.

P,Q and R share profit and losses in the ration of $$4:3:2$$ respectively.  Q retires and P and R decided to share future profits and losses in the ratio of $$5:3$$. Then immediately H is admitted of $$3/10$$ shares of profits half of which was gifted by P an remaining shares was taken by H equally form P and R. Calculate the new profit sharing ratio after H' admission and gain ratio of P and R.

A,B & Care partners sharing profits losses in the ration of $$4:3:2$$. B decided to retire form the firm. Calculate the new profit sharing ratio of A & C if gives his share to A & C in ratio of $$3:1$$.