Abhay and Beena are partners in a firm. They Chetan as a partner with 1/4th share in the profits of the firm. Chetan brings RS. 2,00,000 as his share of capital. Value of the total assets of the firm is RS. 5,40,000 and outside liabilites are valued at RS. 1,00,000 on that date. Give necessary entry to record goodwill at the time of Chetan's admission. Also show your working notes.

Asin and Shreyas are partners in a firm. They admit Ajay as a new partner with 1/5th share in the profits of the firm. Ajay brings RS.5,00,000 as his share of capital. The value of the total assets of the firm was RS.15,00,000 and outside liabilities were valued at RS.5,00,000 on that date. Given necessary Journal entry to record goodwill at the time of Ajay's admission. Also show your workings.

A and B are partners in a firm. They admit C as a partner with 1/5th share in the profits of the firm. C brings ₹ 4,00,000 as his share of capital. Calculate the value of C’s share of Goodwill on the basis of his capital, given that the combined capital of A and B after all adjustments is ₹ 10,00,000

X and Y are partners with capitals of RS.50,000 each. They admit Z as a partner of 1/4th share in the profits of the firm. Z bring in RS.80,000 as his share of capital. The Profit and Loss Account showed a credit balance of RS.40,000 as on date of admission of Z. Given necressary Journal entries to record the goodwill.

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

Average profit of the firm is Rs. 1,50,000. Total tangible assets in the firm are Rs. 14,00,000 and outside liabilities are Rs. 4,00,000. In the same type of business, the normal rate fo return is 10% of the capital employed. Calculate value fo goodwill by Capitalisation of Super Profit Method.

A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C as partner in the firm for 1/4th share in profits which he takes 1/6th from A and 1/12th from B. C bring in only 60% of his share of firm's goodwill. Goodwill of the firm has been valued at RS.1,00,000. Pass necreassary Journal entries to record, this arrangement.