Question : Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5: 3: 2. Goodwill appeared in their books at a value of Rs. 60,000 and General Reserve at Rs. 20,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at Rs. 2,40,000. The new profit-sharing ratio decided between Alia and Shilpa was 2: 3.

Amount payable to Karan on his retirement will be:

Option 1: Rs 72,000

Option 2: Rs 60,000

Option 3: Rs 18,000

Option 4: None of the above

Question :

A, B and C were partners in a firm sharing profits in the ratio of 6:5:4.Their capitals were A—Rs. 1,00,000; B—Rs. 80,000 and C—Rs. 60,000 respectively. On 1st April, 2009, A retired from the firm and the new profit-sharing ratio between B and C was decided as 1:4.0n A's retirement, the goodwill of the firm was valued at Rs. 1,80,000. Balance of General reserve Rs. 60,000 and profit and loss debit balance Rs. 30,000. Amount payable to A will be 

Option 1: Rs 1,84,000

Option 2: Rs 1,96,000

Option 3: Rs 1,00,000

Option 4: None of the above 

Question : A, B and C were partners in a firm sharing profits in the ratio of 6:5:4. Their capitals were A-Rs. 1,00,000; B-Rs. 80,000 and C-Rs. 60,000 respectively. On 1st April, 2009, A retired from the firm and the new profit-sharing ratio between B and C was decided as 1:4.0n A's retirement, the goodwill of the firm was valued at Rs. 1,80,000. C's capital account will be debited/credited by Rs...........

Option 1: Debited by Rs 80,000

Option 2: Credited by Rs 80,000

Option 3: Debited by Rs 96,000

Option 4: Credited by Rs 96,000

Question : A , B and C are partners sharing profit in the ratio of 2:2:1. On retirement of B, goodwill was valued at Rs 60,000 A and C will gain.

Option 1: Rs 24,000 and Rs 20,000 respectively

Option 2: Rs 30,000 and Rs 30,000 respectivley

Option 3: Rs 40,000 and Rs 20,000 respectively

Option 4: They will not gain

Question :

R, B and L were partners in a firm sharing profits and losses in the ratio   equally. With effect from 1st April, 2018 they decided to share future profits and losses in the ratio of 3:2:1. On that date their Balance Sheet showed a debit balance of Rs. 24,000 in Profit and Loss Account and a balance of Rs. 1,44,000 in General Reserve.

It was also agreed that:

(a) The goodwill of the firm be valued at Rs. 1,80,000.

(b) The Land (having book value of Rs. 3,00,000) will be valued at Rs. 4,80,000.

 Treatment of General Reserve?

Option 1: Debited each partners capital account with Rs 48,000 

Option 2: Credited each partners capital account by Rs 48,000

Option 3: Both 1 and 2 

Option 4: None of the above