Question : A, B and C  were partners in a firm sharing profits in the ratio of 2:2:1.

The firm closes its books on 31st March, every year. On 31-12-2015 C died. On that date, his Capital account showed a credit balance of Rs.3,80,000 and Goodwill of the firm was valued at Rs. 1,20,000. There was a debit balance of Rs.50,000 in the Profit & Loss A/c.

C’s share of profit in the year of his death was to be calculated on the basis of the average profit of the last five years. The average profit for the last five years was Rs.75,000.
Q. Amount due to C  transferred to his executors’ account will be -----------

Option 1: 4,00,000

Option 2: RS 4,05,250

Option 3: Rs 4,05,000

Option 4: None of the above

Question : Ram  Mohan and Anil were partners in a firm sharing profits in a 2:2:1 ratio.
The firm closes its books on 31st March every year. Mohan died on 24-8-2017. On Mohan’s death, the goodwill of the firm was valued at Rs.75,000. The partnership deed provided that on the death of a partner, his share in the profits of the firm in the year of his death will be
calculated on the basis of last year’s profit. The profit of the firm for the year ended 31-3- 2017 was Rs.2,00,000.
Q. Mohan’s  share of goodwill is

Option 1: Rs 15,000

Option 2: Rs 45,000

Option 3: Rs 60,000

Option 4: Rs 30,000

Question : A, B  and C  were partners in a firm sharing profits in the ratio of 1:2:1. The firm closes its books on 31st March every year. On 30th September 2015, B died. On that date, his capital account showed a debit balance of Rs.5,000. There was a debit balance of Rs. 30,000 in the Profit and Loss Account. The goodwill of the firm was valued at Rs.3,80,000. B’s share of profit in the year of his death was to be calculated on the basis of an average profit of 5 years, which was Rs.90,000.
Amount due to B’s Executor account will be -----

Option 1: Rs 1,82,500

Option 2: Rs 1,92,500

Option 3: Rs 1,75,000

Option 4: None of the above

Question : A, B and C are partners sharing profits in the ratio of 3: 2: 1. On March 31, 2018, C died and a new profit-sharing ratio was agreed upon at 3: 1. They also decided to record the effect of the following without affecting their book values: 
General Reserve 1,00,000
Profit and  Loss Account 45,000
Advertisement Suspense Account 25,000
Adjustment entry will be 

Option 1: Debit A’s Capital A/c by Rs.30,000; Credit B’s Capital A/c by Rs.10,000 and C’s Capital A/c by Rs.20,000.

Option 2: Debit B’s Capital A/c by Rs.30,000; Credit A’s Capital A/c by Rs.10,000 and C’s Capital A/c by Rs.20,000.

Option 3: Debit A’s Capital A/c by Rs.20,000; Credit B’s Capital A/c by Rs.10,000 and C’s Capital A/c by Rs.10,000

Option 4: None of the above

Question : Ram  Mohan and Anil were partners in a firm sharing profits in a 2:2:1 ratio.
The firm closes its books on 31st March every year. Mohan died on 24-8-2017. On Mohan’s death, the goodwill of the firm was valued at Rs.75,000. The partnership deed provided that on the death of a partner, his share in the profits of the firm in the year of his death will be calculated on the basis of last year’s profit. The profit of the firm for the year ended 31-3-2017 was Rs.2,00,000.
Q. Mohan’s share of profit till the time of his death will be -------------

Option 1: Rs 16,000

Option 2: Rs 8,000

Option 3: Rs 32,000

Option 4: None of the above