(When Premium for Goodwill is paid privately).
X and Y are partners in a firm sharing profits and losses in the ratio 3:2. They admit Z as partner for 1/4th share. Z paid RS 80,000 directly to X and Y as his share of goodwill. Pass the necessary Journal entry in the books of firm.

Verma and Sharma are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Ghosh as a new partner for 1/5th share of profits. Ghosh is to bring in RS.20,000 as capital and RS.4,000 as his share of goodwill premium. Give the necessary Journal entries: (a) When the amount of goodwill is retained in the business. (b) When the amount of goodwill is fully withdrawn. (c) When 50% of the amount of goodwill is withdrawn. (d) When goodwill is paid privately.

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.

Verma and Sharma are partners in a firm sharing profits and losses in the ratio of 5:3. They admitted Ghosh as a new partner for 1//5 share of profits. Ghosh is to bring in Rs. 20,000 as capital and Rs. 4,000 as his share of goodwill premium. Give the necessary journal entries: (a) When the amount of goodwill is retained in the business. (b) When the amount of goodwill is fully withdrawn. (c) When 50% of the amount of goodwill is withdrawn. (d) When goodwill is paid privately.

Sunil and Dalip are partners in a firm sharing profits and losses in the ratio of 5:3. Sachin is admitted in the firm for 1/5 share of profits. He is to bring in Rs. 20,000 as capital and Rs. 4,000 as his share of goodwill. Give the necessary journal entries, (a) When the amount of goodwill is retained in the business. (b) When the amount of goodwill is fully withdrawn. (c) When 50% of the amount of goodwill is fully withdrawn.

X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

(When New or Incoming Partner brings a Part of his Share of Goodwill). X and Y are partners sharing profits and losses in the ratio of 3 : 2. They agree to admit Z as a partner for 1/5th share. Z acquires his share from X and Y in the ratio of 2 : 3. Goodwill of the firm is valued at RS 50,000. Z brings in only 60% of his share of goodwill and RS 2,00,000 as his capital through cheque. Pass necessary Journal entries under each of the following alternative cases: Case 1. When goodwill does not appear in the books. Case 2. When goodwill appears in the books at RS 20,000.

X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership with (1)/(5) th 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 :

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.

(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.",):}

X and Y are partners sharing profits and losses in the of 3 : 2. They admit Z into partnership. X gives 1/3rd of his share while Y gives 1/10th from his share to Z. Calculate new profit-sharing ratio and sacrificing ratio.