Question : P , Q and R  were partners. Their partnership deed provided that they were to share profits thus; P 26 per cent; Q 34 per cent; R  40 per cent; and that if a partner died, his capital should remain in the business for a stated period at a fixed rate of interest, but that the deceased partner’s share should be credited with an amount for Goodwill, based upon  one and a half year’s average profits, for the five years prior to his death, but be subject to deduction of 5 per cent from the book debts. R  died, and the profits of the firm for five years were agreed at Rs.20,000; Rs.30,000; Rs. 15,000 (loss); Rs.5,000 (loss); and Rs.45,000 respectively. Book Debts stood at Rs.90,000.
Q. Net goodwill Rs ---

Option 1: Rs 22,500

Option 2: Rs 18,000

Option 3: Rs 20,000

Option 4: Rs 14,500

Question : A and B were partners from 1st April 2018 with capitals of Rs. 60,000 and Rs. 40,000 respectively. They shared profits in the ratio of 3: 2. They carried on business for two years.

In the first year ended 31st March 2019, they earned a profit of Rs. 50,000 but in the second year ended 31st March 2020, a loss of Rs. 20,000 was incurred. As the business was no longer profitable, they dissolved the firm on 31st March 2020. Creditors on that date were Rs 20,000. The partners withdrew for personal use of Rs. 8,000 per partner per year. The assets realised Rs. 1,00,000. The expenses of realisation were Rs. 3,000.
Question:
The profit/loss on realization is

Option 1: Profit Rs 21,000

Option 2: Loss Rs 21,000

Option 3: Loss Rs 2,100

Option 4: Profit Rs 2,100

Question : Mohit and Rohit were partners in a firm with the capitals of Rs.80,000 and Rs.40,000 respectively. The firm earned a profit of Rs.30,000 during the year. Mohit's share in the profit will be:

Option 1: Rs.20,000

Option 2: Rs.10,000

Option 3: Rs.15,000

Option 4: Rs.18,000

Question : P, Q and R  were partners. Their partnership deed provided that they were to share profits thus; P 26 per cent; Q 34 per cent; R  40 per cent; and that if a partner died, his capital should remain in the business for a stated period at a fixed rate of interest, but that the deceased partner’s share should be credited with an amount for Goodwill, based upon one and a half year’s average profits, for the five years prior to his death, but be subject to deduction of 5 per cent from the book debts. R  died, and the profits of the firm for five years were agreed at Rs.20,000; Rs.30,000; Rs. 15,000 (loss); Rs.5,000 (loss); and Rs.45,000 respectively. Book Debts stood at Rs.90,000.
Q. Total Goodwill  is

Option 1: Rs 22,500

Option 2: Rs 18,000

Option 3: Rs 20,000

Option 4: Rs 14500

Question : P, Q and R  were partners. Their partnership deed provided that they were to share profits thus; P 26 per cent; Q 34 per cent; R  40 per cent; and that if a partner died, his capital should remain in the business for a stated period at a fixed rate of interest, but that the deceased partner’s share should be credited with an amount for Goodwill, based upon one and a half year’s average profits, for the five years prior to his death, but be subject to deduction of 5 per cent from the book debts. R  died, and the profits of the firm for five years were agreed at Rs.20,000; Rs.30,000; Rs. 15,000 (loss); Rs.5,000 (loss); and Rs.45,000 respectively. Book Debts stood at Rs.90,000.
Q. R’s Capital Account will be credited with______________.

Option 1: Rs 18,000

Option 2: Rs 22,500

Option 3: Rs 7200

Option 4: Rs 14,500