Admission Of A Partner CBSE Questions & Answers

A and B sharing ratio 3:2 and their capital after adjustment is Rs.80000 and Rs.60000. They admit C who contributes Rs.35000 as capital for 1/5 th share equally from A and B .Calculate excess amount brought by B

A and B sharing ratio 3:2 and their capital after adjustment isRs. 80000 and Rs.60000. They admit C who contributes Rs.35000 as capital for 1/5 th share equally from A and B .Who will brought the shortage amount

A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.

A, B and C are partners sharing profits in the ratio of 3:2:1. They admit D for 1/6 share. C would retain his old share. Calculate new ratio of all partners.

A, B and C are partners sharing profits in the ratio of 3:2:1. They admit D for 1/6 share. C would retain his old share. Calculate share C sacrifice

A and B are partners in a firm sharing profits and losses in the ratio of 3:2 A new partner C is admitted. A surrenders 1/5 of his share and B 2/5 of his share in favor of C. For purpose of C’s admission, goodwill of the firm is valued at Rs.75,000 and C brings his share of goodwill in cash which is retained in the firm’s books. Journalize the above transactions. When goodwill brought by C

A and B are partners in a firm sharing profits and losses in the ratio of 3:2 A new partner C is admitted. A surrenders 1/5 of his share and B 2/5 of his share in favor of C. For purpose of C’s admission, goodwill of the firm is valued at Rs.75,000 and C brings his share of goodwill in cash which is retained in the firm’s books. Calculate sacrificing ratio of A and B

A and B are partners in a firm sharing profits and losses in the ratio of 3:2. They admit C int partnership for 1/5 share. C brings Rs.30,000 as capital and Rs.10,000 as goodwill. At the time of admission of C, goodwill appears in the balance sheet of A and B at Rs.3,000. New profit sharing ratio of partners shall be 5:3:2. Pass necessary entries for existing goodwill written off

Anu and Babita are partners in a firm sharing profits and losses in the ratio of 3:2. On April 1,2003 they admit Deepak as a new partner for 3/13 share in the profits. Deepak contributed the following assets towards his capital and for his share of goodwill : Land Rs.90,000, machinery Rs.Rs.70,000, stock Rs.60,000 and debtors Rs. 40,000. On the date of admission of Deepak, the goodwill of the firm was valued at Rs.5,20,000, which is not appear in the books. Record necessaries journal entries in the books of the firm. Calculate amount of goodwill brought in by new partner

N and S are partners sharing profits and losses in the sates 2:1. They admit G as a partner for 1/4th Share. G pays Rs.50,000 as capital but does not bring any amount for goodwill. The goodwill of the new firm is valued at Rs.36,000. Calculate the sacrificing amount by N

Neeta and Sumita are partners sharing profits and losses in the sates 2:1. They admit Geeta as a partner for 1/4th Share. Geeta pays Rs.50, 000 as capital but does not bring any amount for goodwill. The goodwill of the new firm is valued at Rs.36,000. Journal entries. Being the amount of Capital brought in cash by the new partner

Anu and Ram were partners in a firm sharing profits and losses in the ratio of 7:3. They admitted hander as a new partner. The new profit ratio between Anu, Ram and Chander will be 2:2:1.Chander brought Rs. 24,000 for his share of his goodwill. Who is the gaining partner in the above transaction?

Ashok and Ravi were partners in a firm sharing profits and losses in the ratio of 7:3. They admitted Chander as a new partner. The new profit ratio between Ashok, Ravi and Chander will be 2:2:1.Chander brought Rs.24,000 for his share of his goodwill. Calculate the amount Ravi compensate to the Ashok share in the above transaction

The Balance Sheet shows land and building Rs. 90,300. But after the change in agreement land and building be brought up to Rs.1, 19,700. By what amount land and building account should be recorded in revaluation account

How the net worth will be calculated