X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as partner for 1/4th share. At the time of admission of Z, Stock (Book Value RS.1,00,000) is to be reduced by 40% and Furniture (Book Value RS.60,000) is to be reduced to 40%. Pass the necessary Journal entries.

X and Y are partners in a shring profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Debtors and Provision for Doubtful Debts appeared at RS.76,000 and RS.8,000 respectively. RS.6,000 of the debtors proved bad. A provision of 5% is to be created on Sundry Debtors for doubtful debts. Pass the necessary Journal entries.

X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission, of Z. Investments appeared at RS.80,000. Half of the investments to be taken by X and Y in their profit-sharign ratio at books value. Remaining investments were valued at RS.50,000. Pass the necessary Journal entries.

X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner and fixed the new profit-sharing ratio as 3 : 2 : 1. At the time of admission of Z, Debtors and Provision for Doubtful Debts appeared at RS.50,000 and RS.5,000 respectively all debtors are good. Pass the necessary Journal entries.

X, Y and Z are partners sharing profits in the ratio of 2 : 2 : 1. W is admitted as a new partner for (1)/(6)th share. Z will retain his share. Calculate new profit-sharing ratio.

X and Y are partners in a firm sharing profit and losses in the ratio of 3 : 2. On 1st April, 2019, they admit Z as a partner for 1/5th share in profis. On that date, there was a balance of RS.1,50,000 in General Reserve and a debit balance of RS.20,000 in the Profit and Loss Account of the firm. Pass necessary Journal entries regarding adjustment of reserve and accumulated profit/loss.

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4th share in profit. Z acquired his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

(a) X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit W as partner for 1/6th share. Following is the extract of the Balance Sheet on the date of admission: Pass necessary Journal entries. (b) A and B were partners in a firm sharing porfit in 4 : 3 ratio. On 1st April, 2019, they admitted C as a new partnre. On the date of C's admission, the Balance Sheet of A and B showed a General Reserve of RS.84,000 and a debit balance of RS.8,400 in the 'Profit and Loss Account' Pass necessary Journal entries for the treatment of these on C's admission. (c) Give the Journal entry to distribute 'Workmen Compensation Reserve' of RS.72,000 at the time of admission of Z, when there is no claim of RS.48,000 against it. The firm has two partners X and Y. (d) Give the Journal entry to distribute 'Workmen Compensation Reserve' of RS.72,000 at the time of admission of Z, when there is claim of RS.48,000 against it . The firm has two partners X and Y. (e) Give the Journal entry to distribute 'Investment Fluctuation Reserv' of RS.24,000 at the time of admission of Z when Investment (Market Value RS.1,10,000) appears at RS.1,20,000. The firm has two partners X and Y. (f) Give the Journal entry to distribute 'General Reserve' of RS.4,800 at the time of admission of Z, when 20% of General Reserve is to be transferred to In vestment Fluctuatio Reserve. The firm has two partners X and Y. (g) A,B and C were partners sharing profits and losses in the ratio of 6 : 3 : 1. They decide to take D into partnership with effect from 1st April, 2019. The new profit-sharing ratio between A, B ,C and D will values, by passing a single adjustment entry: {:(,"Book Values RS"),("General Reserve","1,50,000"),("Contingency Reserve","60,000"),("Profit and Loos A/c (Cr.)","1,20,000"),("Pass the necessary single adjustment entry, through the Partner's Current Account.",):}

A and B were partners in a firm sahring profits and losses in the ratio of 3 : 2. they admitted C as a new partner for 3/7th share in the profit and the new profit-sharing ratio will be 2 : 2 : 3. C brought RS.2,00,000 as his capital and RS.1,50,000 as premium for goodwill. Half of their share of premium was withdrawn by A and B from the firm. Calculate sacrificing ratio and pass necessary Journal entries for the above transactions in the books of the firm.

A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C into partnership for 1/5th share. C brings RS.30,000 as capital and RS.10,000 as goodwill. At the time of admission of C, goodwill appeared in the Balance Sheet of A and B at RS.3,000. New profit-sharing ratio of the partners will be 5 : 3 : 2. Pass necessary Journal entries.

X and Y were partners in a firm sharing profits and losses in the ratio of 2 : 1. Z was admitted for 1/3rd share in the profits. On the date of Z's admission, the Balance Sheet of X and Y showed General Reserve of RS.2,50,000 and a credit balance of RS.50,000 in Profit and Loss Account. Pass necessary Journal entries on the treatment of these items on Z's admission.