Admission of a partner 2

On the admission of a new partner

• Old firm is dissolved

• Old partnership is dissolved

• Both old partnership and firm are dissolved

• Neither partnership nor form is dissolved

A and B share profits in the ratio of 2 :1. C is admitted with one fourth share of profits. C acquires 3/4 of his share from A a and 1/4 of his share from B. The new ratio will be

• 2:1:1

• 23:13:12

• 3:1:1

• 13:23:12

The formula for calculating the sacrificing ratio is

• New share - old share

• Old share-new share

• Gaining ratio-old ratio

• Old ratio-gaining ratio

X and y are partners sharing profits in the ratio of 3: 2. Z is admitted as a partner. Calculate sacrificing ratio if the new profit sharing ratio is 9: 7:4

• 3:1

• 3:2

• 1:3

• 9:7

A and B are partners sharing profits and losses as 2: 1. C is admitted and profit sharing ratio becomes 4:3:2. Goodwill is valued at Rs. 94,000. C brings a required amount of goodwill in cash. Goodwill will be credited to

• A,14,000; B 7,000

• A12,000;. B 9,000

• A 21,000

• A 94,500

When the balance sheet is prepared after the new partnership agreement, the assets and liabilities are recorded at

• Historical cost

• Current cost

• Realizable value

• Revalued figures

A and B are partners in a firm having capital balances of rupees 54,000 and 36,000 respectively. They admit c in partnership for one third share and she is to bring proportionate amount of capital. The capital of c would be

• 90,000

• 45000

• 5400

• 36000

A and B are in partnership sharing profits in the ratio of 3: 2. They take c as a new partner. Goodwill of the firm is valued at Rs. 3,00,000 and she brings Rs. 30,000 as his share of goodwill in cash which is entirely credited to the capital account of A. New profit sharing ratio will be

• 3:2:1

• 6:3:1

• 5:4:1

• 4:5:1

X and y are partners in a firm with the capital of Rs. 1,80,000 and Rs. 2,00,000. Z was admitted for one-third share in the profits and brings Rs. 3,40,000 as capital, calculate the amount of goodwill

• 2,40,000

• 1,00,000

• 1,50,000

• 3,00,000

A and B are partners sharing profits and losses in the ratio of 5: 3. On admission, C brings Rs. 70,000 as cash and Rs. 43,000 against goodwill. New profit ratio between A,B and C is 7:5:4. The sacrificing ratio of A and B is

• 3:1

• 1:3

• 4:5

• 5:9