Question : A, B, C and D are partners sharing profits in the ratio of 3: 4: 3: 2, On the retirement of C, the goodwill was valued at Rs. 6,00,000. A, B and D decided to share future profits equally. C's capital account will be ....

Option 1: Debited by 1,50,000

Option 2: Credited by Rs 1,50,000

Option 3: Debited by Rs 6,00,000

Option 4: Credited by Rs 6,00,000

Question : J, M and R are sharing profits and losses equally. R retires and the goodwill is appearing in the books at Rs. 30,000. Goodwill of the firm is valued at Rs. 1,50,000. Calculate the net amount to be credited to R's Capital A/c.

Option 1: Rs 60,000

Option 2: Rs 50,000

Option 3: Rs 40,000

Option 4: Rs 10,000

Question : X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership with 1/5th share in profits which he acquires equally from X and Y. Z brings in Rs.40,000 as goodwill in cash. Goodwill amount will be credited to -

Option 1: X: Rs.25,000; Y: Rs.15,000

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

Option 3: X: Rs.20,000; Y: Rs.20,000

Option 4: X: Rs.24,000; Y: Rs.16,000

Question :

Asha, Naveen and Shalini were partners in a firm sharing profits in the ratio of 5:3:2. Goodwill appeared in their books at a value of Rs. 80,000 and General Reserve at Rs. 40,000. Naveen decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at Rs. 1,20,000.The amount payable to Naveen is .

Option 1: Rs 24,000

Option 2: Rs 48,000

Option 3: Rs 74,000

Option 4: None of the above

Question : X, Y and Z were partners in a firm sharing profis in 2:3:5 ratio. They decided to share the future profits in 5:3:2. For this purpose the goodwill of the firm was valued at 12,00,000. In adjustment entry for the treatment of goodwill due to change in the profit sharing ratio :
 

Option 1: Cr. X by Rs 240000; Dr. Y by Rs 240000

Option 2: Cr. X by Rs 600000; Dr. Z by Rs 600000
 

Option 3: Cr. X by Rs 360000; Dr. Z by Rs 360000

Option 4: Dr. X by Rs 360000; Cr. Z by Rs 360000