A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C into partnership for 1/5th share. C brings RS.30,000 as capital and RS.10,000 as goodwill. At the time of admission of C, goodwill appeared in the Balance Sheet of A and B at RS.3,000. New profit-sharing ratio of the partners will be 5 : 3 : 2. Pass necessary Journal entries.

A and B are partners sharing profits and losses in the ratio of 3 : 2. C is admitted into partnership for (1)/(5) th share in profit. He pays Rs.1,00,000 as goodwill. The ratio of the partners A, B and C in the new firm would be 3 : 1 : 1. Goodwill will be credited to:

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 :

A and B are partners in a firm sharing profits and losses in the ratio of 2 : 3. C is admitted for 1/5 share in the profits of the firm. If C gets it wholly from A, the new profit sharing ratio after C's admission will be :

Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of 3:2. They decide to admit Ajay into partnership with 1/4 share in profits. Ajay brings in Rs. 30,000 for capital and the requisite amount of premium in cash. The goodwill of the firm is valued at Rs. 20,000. The new profit sharing ratio is 2:1:1. Vijay and Sanjay withdraw their share of goodwill. Give necessary journal entries

A and B are partners sharing profits and losses in the ratio of 7 : 5. They admit C, their Manager, into partnership who is to get 1/6th share in the business. C brings in RS. 10,000 for his capital and RS. 3,600 for the 1/6th share of goodwill which he acquires 1/24th from A and B 1/18th from B. Profit for the first year of the new partnership was RS.24,000. Pass necessary Journal entries for C's admission and apportion the profit between the partners.

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.

X and Y are partners sharing profits in the ratio 5 : 3. They admitted Z for 1/5th profits, for which he paid Rs.60,000 against capital and Rs.30,000 against goodwill. Find the capital balance for each partner taking Z's capital as base capital.

(Goodwill Existing in the Books at the Time of Admission and wirtten off). X and Y are partners in a firm sharing profits in the ratio 4:3. On 1st April, 2019, they admitted Z as partner. Z brought in RS 1,00,000 for his capital and RS 21,000 for 1/3rd share of goodwill premium. On Z's admission, goodwill appeared in the books of the firm at RS 28,000. Pass necessary Journal entries on Z's admission.

A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C into partnership for 1/4th share in profits which he takes 1/6th from A and 1/12th from B. C brings RS 18,000 as goodwill out of his share of RS 30,000. Pass necessary Journal entries to record this arrangement.