Question : X, Y and Z are partners in a firm in 3:2:1. Z is Guaranteed that he will get a minimum of Rs 20,000 as his share of Profit every year. The firm's profit was Rs 90,000 Partners will get.

Option 1: X Rs 40,000, Y Rs 30,000, Z Rs 20,000

Option 2: X Rs 42,500, Y Rs 27,500, Z Rs 20,000

Option 3: X Rs 45,000, Y Rs 30,000, Z Rs 15,000

Option 4: X Rs 42,000, Y Rs 28,000, Z Rs 20,000

Question : The profits of the firm for five years were agreed at Rs.40,000; Rs.60,000; Rs. 30,000 (loss); Rs.10,000 (loss); and Rs.90,000 respectively.
Q. Average profit is Rs ---

Option 1: Rs.30,000

Option 2: Rs.1,50,000

Option 3: Rs.40,000

Option 4: Rs.1,00,000

Question : H and S share Profit & Loss equally. Their capitals were Rs.1,20,000 and Rs. 80,000 respectively. There was also a balance of Rs. 30,000 in General reserve and revaluation  loss  amounted to Rs. 15,000. They admit friend T with 1/5 share. T brings Rs.90,000 as capital. Calculate the amount of goodwill of the firm.

Option 1: Rs. 85,000

Option 2: Rs. 1,45,000 

Option 3: Rs. 20,000

Option 4: None of the above 

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 : Heena and Neena share profits & losses in the ratio of 3:2 . Their capitals were Rs.60,000 and Rs. 40,000 respectively. There was also a Balance of Rs. 30,000 in General reserve and the revaluation gain amounted to Rs. 15,000. They admit friend Ashish with 1/5 share. Ashish brings Rs. 55,000 as capital Calculate the amount of goodwill of the firm.

Option 1: Rs. 1,00,000 

Option 2: Rs. 75,000 

Option 3: Rs. 85,000

Option 4: Rs 40,000