Mohit, Neeraj and Sohan are partners in a firm sharing profits in the ratio of `2 : 1 : 1`. Neeraj retires and Mohit and Sohan decided that the capital of the new firm will be fixed at Rs. 1,20,000. The capital accounts of Mohit and Sohan show a credit balance of Rs. 82,000 and Rs. 41,000 respectively after making all the adjustments. Calculate the actual cash to be paid off or to be brought in by the continuing partners and pass the necessary journal entries.

Asha, Deepa and Lata are partners in a firm sharing profits in the ratio of 3 : 2 : 1. Deepa retires. After making all adjustments relating to revaluation, goodwill and accumulated profit etc., the capital accounts of Asha and Lata showed a credit balance of Rs. 1,60,000 and Rs. 80,000 respectively. It was decided to adjust the capitals of Asha and Lata in their new profit sharing ratio. You are required to calculate the new capitals of the partners and record necessary journal entries for bringing in or withdrawal of the necessary amounts involved.

X, Y and Z are partners in a firm sharing profits in the ratio of 3:2:1. They decided to share future profits equally. The profit and Loss Account showed a Credit balance of Rs 60,000 and a General Reserve of Rs 30,000. If these are not be shown in balance sheet, in the journal entry :

In a partnership business of two men, capital and profit share of 1st man are Rs 12,000 and Rs 20,000 respectively. If the total profit of this business is Rs 30,000 then calculate the capital of 2nd man.

X and Y are partners sharing profits in the ratio 2 : 3. They admitted Z for 1/5th share of profits, for which he paid Rs.1,20,000 against capital and Rs.60,000 as goodwill. Find the capital balances for each partner taking Z's capital as base capital.

Vinay and Naman are partenrs sharing profits in the ratio 4 : 1. Their capital were RS.90,000 and RS.70,000 respectively. They admitted Prateek for 1/3 share in the profits. Prateek brought RS.1,00,000 as his capital. Calculate the value of firm's goodwll.