Retirement or D...

A , B and C are the partners sharing profits in the ratio of their capital which were ₹75000, ₹50000 and ₹25000 respectively. C retired and new profit sharing ratio between A and B was 1:2. On C’s retirement the goodwill of the firm was valued at ₹30000. What amount of goodwill will be debited to B’s Account?

R, Y and S were partners sharing profits in the ratio of 1:2:3 their capital ` 23000, ` 30000 and ` 17000 respectively. Y retired .Capital has to be fully paid in cash and whole amount is brought in cash by R and S to make their capital thereafter equal. Calculate amount brought by S

R, S and T are partners sharing profit in the ratio of 7:5:4. T died on 30th June 2012.Profit for the year was ₹24000 for the year 2011-2012. How much share in profits for the death period will be credited to T’s account

When a Partner dies, amount due to him will be paid to:

When balance is paid in installment to the executor and rate of interest is not given:

A partner may wish withdrawn from a firm for various reasons like old age, on health ground, misunderstanding with other partners. Such a situation is called:

A retired partner is not liable for the debts incurred by the firm ________ retirement

A retiring partner has the right of getting back his share in the firm’s property , so there are some problems mainly

There are some adjustments are to be done at the time of retiring partner

a.New profit sharing ratio of continuing partners

b.Accounting treatment of goodwill

c.Preparation of Executor’s Account

d.Adjustment of Reserves and Profits

Which of the above adjustments are to be done

Name the ratio in which continuing partner will share future profits after retiring partner.