Question : A and B were partners sharing profits and losses in the ratio of 3: 2. On April 1st 2013, they decided to admit C for 5th share in the profits. They had a reserve of Rs.25,000 which they wanted to show in their new balance sheet. C agreed and the necessary adjustments were made in the books. On October 1st 2013, A met with an accident and died. B and C decided to admit A's daughter F in their partnership, who agreed to bring Rs.2,00,000 as capital. A's share in the reserve on the date of her death will be

Option 1: Rs 25,000

Option 2: Rs 12,000

Option 3: Rs 30,000

Option 4: None of the above

Question : A, B and C were partners sharing profits in the ratio of 2: 3: 4. On 15th March 2018 B died and the new profit-sharing ratio of A and C was 5: 4. On B's death the goodwill of the firm was valued at Rs.75,000. Choose the correct Journal entry with respect to the treatment of goodwill.

Option 1: Debited A and Credited B Rs 25,000

Option 2: Credited A and debited B Rs 25,000

Option 3: Debited B and Credited C Rs 25,000

Option 4: Debited A Rs 12,500, debited C Rs 12,500 and Credited B Rs 25,000

Question : A, B and C were partners sharing profits in the ratio of 2: 3: 4. On 15th March 2018 B died and the new profit-sharing ratio of A and C was 5: 4. On B's death the goodwill of the firm was valued at Rs.75,000. Choose the correct Journal entry with respect to the treatment of goodwill.

Option 1: Debited A and Credited B Rs 25,000

Option 2: Credited A and debited B Rs 25,000

Option 3: Debited B and Credited C Rs 25,000

Option 4: Debited A Rs 12,500, debited C Rs 12,500 and Credited B Rs 25,000

Question : Divide Rs. 14136 among A, B, and C such that 2 times A's share, 3 times B's share and 5 times C's share are all equal. What is the share of C?

Option 1: Rs. 3680

Option 2: Rs. 456

Option 3: Rs. 2736

Option 4: Rs. 1413

Question : A and B who share profits in the ratio of 3: 2 had capitals of Rs. 2,00,000 and Rs.1,50,000 respectively. They admit C into partnership from 1st April, 2020 on the following terms for I/3rd share in future profits:
(i) That C to bring Rs. 2,00,000 as capital.
(ii) That C is unable to bring his share of goodwill, goodwill of the firm is valued at Rs.1,50,000. Choose the correct option.

Option 1: Debiting bank a/c Rs 3,00,000 and crediting C's capital account with Rs 3,00,000

Option 2: Debiting Bank account with Rs 2,00,000 and crediting C's capital with Rs 2,00,000

Option 3: Debiting C's current account Rs 50,000 and Crediting A capital account with Rs 30,000 and Rs 20,000

Option 4: Both 2 and 3