Question : A, B, C and D are partners sharing profits in the ratio of 1: 2: 3: 4. D died and his share is taken up by A and B equally. Goodwill was valued at 3 year's purchase of average profits which were Rs. 20,000. General Reserve showed a balance of Rs. 65,000 at the time of D's death. Find out the amount due to him when his capital balance in the balance sheet was Rs. 1,50,000 before any adjustment. Also, calculate the new profit-sharing ratios.

Option 1: Balance of D's Executors a/c Rs 2,00,000 and New profit sharing ratio 3: 4: 3

Option 2: Balance of D's Executors account Rs 2,00,000 and new profit sharing Ratio 1:1

Option 3: Balance of D's executors account Rs 2,50,000 and NPSR 1: 2: 3

Option 4: None of the above

Question : A, B, C and D are partners sharing profits in the ratio of 1: 2: 3: 4. D died and his share is taken up by A and B equally. Goodwill was valued at 3 year's purchase of average profits which were Rs. 20,000. General Reserve showed a balance of Rs. 65,000 at the time of

Question : C's Capital Account has a credit balance of Rs.2,00,000; C's Loan Account is showing a debit balance of Rs.40,000. Bank Balance is Rs.3,00,000. Show the treatment of C's Loan Account.

Question : A, B and C are partners sharing profits in a ratio of 5:3:2. D is admitted and new profit sharing ratio is agreed at 1:2:2:1. Goodwill is valued at Rs 1,20,000. What entry will be passed if a goodwill account is to be raised and written off?

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)

Question : A and B are partners in a firm sharing profit and losses in the ratio of 5:3. They admitted C as a new partner for 1/5 th share in the profit. C brought Rs 40,000 for his 1/5 th share in the profit. C brought Rs 40,000 for his 1/5 th share in the profit as premium. They