Digvijay, Brijesh and Parakaram were partners in a firm sharing profits in the ratio of `2 : 2 : 1`. Their Balance Sheet as on March 31, 2017 was as follows:

Brijesh retired on March 31, 2017 on the following terms:
(i) Goodwill of the firm was valued at Rs. 70,000 and was not to appear in the books.
(ii) Bad debts amounting to Rs. 2,000 were to be written off.
(iii) Patents were considered as valueless.
Prepare Revaluation Account, Partners’ Capital Accounts and the Balance Sheet of Digvijay and Parakaram after Brijesh’s retirement.

Shyam, Gagan and Ram are partners sharing profit in the ratio of 2 : 2 : 1. Their Balance Sheet as on March 31, 2017 are as under: As Gagan got a very good break at an MNC, so he decided to retire on that date and it was decided that Shyam and Ram would share the future profits in the ratio of 5 : 3. Goodwill was valued at Rs. 70,000, Machinery at Rs. 78,000, Buildings at Rs. 1,52,000, stock at Rs. 30,000, and bad debts amounting to Rs. 1,550 were to be written off. Record journal entries in the books of the firm and prepare the Balance Sheet of the new firm.

Radha, Sheela and Meena were in partnership sharing profits and losses in the proportion of 3:2:1 . On April 1, 2017, Sheela retires from the firm. On that date, their Balance Sheet was as follows: The terms were: a) Goodwill of the firm was valued at Rs. 13,500. b) Expenses owing to be brought down to Rs. 3,750. c) Machinery and Loose Tools are to be valued at 10% less than their book value. d) Factory premises are to be revalued at Rs. 24,300. Prepare: 1. Revaluation account 2. Partner’s capital accounts and 3. Balance sheet of the firm after retirement of Sheela.

Deepa, Neeru and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Neeru retired and the new profit sharing ratio between Deepa and Shilpa was 2 : 3 . On Neeru's tetirement, the goodwill of the firm was valued at Rs. 1,20,000. Record necessary journal entry for the treatment of goodwill on Neeru's retirement.