Question : X, Y and Z were partners sharing profits in the ratio of 5: 3: 2 respectively. Y retired on 31st March, 2020. On that date the capitals of X, Y and Z after all adjustments stood at Rs. 43,200; T 36,600 and Rs. 11,200 respectively. Cash and bank balances on 31st March, 2020 were Rs. 4,000. Y was to be paid through cash brought in by X and Z in a manner that their capitals are proportionate to their new profit-sharing ratio which was to be X 3/5 th and Z 2/5th.
The amount of cash to be paid or to be brought by the continuing partners if minimum cash and bank balance of Rs. 3,000 was to be maintained.

Option 1: X Rs 10,800 and Y Rs 24,800

Option 2: X Rs 10,800 and Y Rs 25,000

Option 3: X brought Rs 10,800 and Y paid Rs 24,800

Option 4: None of the above

Question : X, Y and Z were partners sharing profits and losses in the ratio of 4: 3: 2. Y retired on 1st April, 2020 on which date the capitals of X, Y and Z after all adjustments stood at Rs. 65,800 ; Rs. 57,225 and Rs. 33,800 respectively. Capital of the reconstituted firm will be readjusted by bringing in or paying cash so that the future capitals of X and Z be in their future profit-sharing ratio. The amount of cash to be paid or to be brought in by the continuing partners.

Option 1: Rs 800

Option 2: Rs 500

Option 3: Rs 1,000

Option 4: Rs 600

Question : X, Y and Z are partners sharing profits in the ratio of 5: 3: 7. X retired from the firm. Y and Z decided to share future profits in the ratio of 2: 3. The adjusted Capital Accounts of Y and Z showed a balance of Rs. 49,500 and Rs. 1,05,750 respectively. The total amount to be paid to X is Rs .1,35,750. This amount is to be paid by Y and Z in a manner that their capital becomes proportionate to their new profit-sharing ratio. The amount to be brought or to be paid to partners will be

Option 1: Y bring Rs 66,000 and Z bring Rs 68,000

Option 2: Y bring Rs 66,900 and Z bring Rs 68,850

Option 3: Y withdrew Rs 66,900 and Z bring Rs 68,850

Option 4: Y bring Rs 66,900 and Z withdrew Rs 68,850

Question : X, Y and Z were partners sharing profits and losses in the ratio of 4: 3: 2. Y retired on 1st April, 2020. On that date capitals of X, Y and Z after all adjustments stood at Rs. 19,650; Rs. 19,800 and Rs. 9,150 respectively. Total capital of the firm as newly constituted is fixed at Rs. 28,000 between X and Z in the proportion of 5/8th and 3/8th after passing entries in their accounts for adjustments. Amount to be paid or to be brought by the continuing partners is

Option 1: X debited by Rs 2,150, Z credited by Rs 1,350

Option 2: X credited by Rs 2,150 Z debited by Rs 1,350

Option 3: X debited by Rs 2,150 Z debited by Rs 1,350

Option 4: X credited Rs 2,150 and Y credited Rs 1,350

Question : X, Y and Z are partners in a firm sharing profits in the ratio of 3: 2: 1. On 1 st April, 2009, retires from the firm .X and Z agree that the capital of the new firm shall be fixed at Rs. 2,10,000 in the profit-sharing ratio.The Capital Accounts of X and Z after all adjustments on the date of retirement showed balance of Rs. 1,45,000 and Rs. 63,000 respectively. the amount of actual cash to be brought in or to be paid to the partners will be

Option 1: Z debited Rs 10,500 and X credited by Rs 12,500

Option 2: Z debited Rs 10,500 and X debited by Rs 12,500

Option 3: Z credited by Rs 10,500 and xcredited by Rs 12,500

Option 4: Z debited by Rs 10,500 and Y credited by Rs 12,500

Question : X and Y are Partners in a Ratio of 3:2. Their capitals are Rs. 2,00,000 and Rs. 1,00,000, respectively. Interest on capital is allowed @8% p.a. The firm earned a profit of Rs. 60,000 for the year ended March 31st, 2019. Interest on capital will be

Option 1: X Rs. 16,000, Y Rs. 8,000

Option 2: X Rs. 8,000, Y Rs. 4,000

Option 3: X Rs. 14,400, Y Rs. 9,600

Option 4: No interest will be allowed.