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

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.

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.

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 :

(Premium for Goodwill withdrawn Partially). A and B were partners in a firm sharing profits in the ratio of 4 : 3. They admitted C as a new partner for 3/7th share in the profits of the firm. New profit-sharing ratio will be 2 : 2 : 3. C brought RS 2,00,000 as his capital and RS 60,000 for his share of premium for goodwill, half of which was withdrawn by A and B from the firm. Calculate sacrficing ratio and pass necessary Journal entries in the books of the firm for the above transactions.

A and B were partners in a firm sharing profits in 3:1 ratio. They admitted C as a partner for 1/4 th share in future profits. C was to bringRs 60,000 for his capital. The Balance Sheet of A and B as at 1st April, 2019, the date on which C was admitted, was: The other terms agreed upon were: (a) Goodwill of the firm was valued atRs 24,000. (b) Land and Building were valued atRs 65,000 and Plant and Machinery atRs 60,000. (c) Provision for Doubtful Debts was found in excess byRs 400. (d) A liability ofRs 1,200 included in Sundry Creditors was not likely to arise. (e) The capitals of the partners be adjusted on the basis of C's contribution of capital to the firm. (f) Excess or shortfall, if any, be transferred to Current Accounts. Prepare Revaluation Accounts Partners' Capital Accounts and Balance Sheet of the new firm.

Shikhar and Rohit were partners in a firm sharing profits in the ratio of 7:3. On 1st April, 2013, they admitted Kavi as a new partner for 1/4th share in profits of the firm. Kavi broughtRs 4,30,000 as his capital andRs 25,000 for his share of goodwill premium. The Balance sheet of Shikhar and Rohit as on 1st April, 2013 was as follows: It was agreed that: (a) the value of Land and Building will be appreciated by 20%. (b) the value of Machinery will be depreciated by 10%. (c) the liabilities of Workmen's Compensation Fund were determined atRs 50,000. (d) capitals of Shikhar and Rohit will be adjusted on the basis of Kavi's Capital and actual cash to be brought in or to be paid off as the case may be. Prepare Revaluation Account, Partners' Capital Accounts and Balance Sheet of the new firm.