Bharat and Bhushan are partners sharing profits in the ration of `3:2` . They decided to amit Manu as a partner from 1st April, 2019 on the following terms:
(i) Manu will be given 2/5th share of the profit.
(ii) Goodwill of the firm will be valued at two years' purchase of three years' normal average profit of the firm.
Profits of the previous three years ended 31st March, were:
2019 - Profit Rs. 30,000 (after debiting loss of stock by fire Rs. 40,000).
2018 - Loss Rs. 80,000 (Includes voluntary retirement compensation paid Rs. 1,10,000).
2017 - Profit Rs. 1,10,000 (Including a gain (profit) of Rs. 30,000 on the sale of fixed assets).
Calculate the value of goodwill .

A and B are partners sharing profits in the ratio of 4 : 3. They admitted C as a new partner who gets 1/5th share of profit, entirely from A. The new profit sharing ratio will be :

Anil and Vishal are partners sharing profits in the ratio of 3:2. They admitted Sumit as a new partner for 1//5 share in the future profits of the firm. Calculate new profit sharing ratio of Anil. Vishal and Sumit.

B and N are partners in a firm sharing profits in the ratio of 3 : 2. They admit S as a partner for 1/4th share in the profits. S acquires his share from B and N in the ratio of 2 : 1. The new profit-sharing ratio will be :

R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R gives 1/4th of his share and S gives 1/5th share to the new partner. Find out new profit-sharing ratio.

Dinesh and Mahesh are partners sharing profits and losses in the ratio of 3 : 2. They admit Ramesh into partnership for 1/4th share in profits. Ramesh brings in his share of goodwill in cash. Goodwill for this purpose shall be calculated at two years' purchase of the weighted average normal profit of past three years. Weights beling assigned to each year 2017 - 1, 2018 - 2, 2018 - 2 and 2019 - 3. Profits of the last three years were: 2017 - Profit Rs. 50,000 (including profits on sale of assets Rs. 5,000). 2018 - Loss Rs. 20,000 (including loss by fire Rs. 35,000). 2019 - Profit Rs. 70,000 (including insurance claim received Rs. 18,000 and interest on investments and dividend received Rs. 8,000). Calculate the value of goodwill. Also, calculate the goodwill brought n by Ramesh.

Amar and Bahadur are partners in a firm sharing profits in the ratio of 3:2. They admitted Mary as a new partner for 1/4 share. The new profit sharing ratio between Amar and Bahadur will be 2:1. Calculate their sacrificing ratio.

(Average Profit Method when Adjustments are Made). Aman purchased Bharatendu's business with effect from 1st April, 2019. It was agreed that the firm's goodwill will be valued at two years' purchase of average normal profit of the lst three years. Profits of Bharatendu's business for last three years ended 31st March, were: 2017 : Rs. 1,00,000 (including an abnormal gain of Rs. 10,000), 2018 : Rs. 1,10,000 (after charging an abnormal loss of Rs. 20,000), 2019 : Rs. 85,000 (including interest of Rs. 5,000 from non-trade investment). Calculate value of the firm's goodwill.

A and B are partners in a firm sharing profits in the ratio of 3 : 2 . They decided to share profits in the ratio of 3 : 4 w.e.f., April 1, 2016. On that date there was journal entry assuming that partners decide to distribute the profits.