A and B are partners in a firm sharing profits in the ratio of 4 : 3. On March 31, 2016 their Balance Sheet showed a General Reserve of Rs. 35,000. On that date they decided to admit Sewak as a new partner and the new profit-sharing ratio will be 5 : 3 : 2. Record necessary journal entries in the books of the firm under the following circumstances :
(i) When they want to transfer the general reserve to their capital accounts.
(ii) When they don't want to transfer general reserve in their capital accounts but prefer to record and adjustment entry for the same.

A and B are partners in a firm sharing profits in the ratio of 3 : 2. On March 31, 2016, their Balance Sheet showed a general reserve of Rs. 54,000. On that date they decided to admit C as a new partner. The new profit sharing ratio between A , B and C will be 4 : 3 : 2, Record the necessary journal entry in the books of the firm under the following circumstances : (i) When they want to transfer the general reserve in their capital accounts. (ii) When they don't want to transfer general reserve in their capital accounts and prefer to record an adjustment entry for the same.

X and Y are partners in a firm sharing profit and losses in the ratio of 5:2 On 31st March, 2019 their Balance Sheet showed General Reserve ofRs 3,50,000. On that date, they decided to admit Z as a new partner and the new profit-sharing ratio will be 5:3:2. Give necessary Journal entries in the books of the firm udner the following circumstances: (i) When they want to transfer the General Reserve to their Capital Accounts (ii) When they don't want to transfer general reserve to their Capital Accounts but prefer to record an adjustment entry for the same.

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.

M and J are partners in a firm sharing profits in the ratio of 3 : 2. They admit R as a new partner. The new profit-sharing ratio between M, J and R will be 5 : 3 : 2, R brought in RS.25,000 for his share of premium for goodwill. Pass necessary Journal entries for the treatment of goodwill.

A and B are partners sharing profits in the ratio of 3:1. They admit C for 1/4 share in the future profits. The new profit sharing ratio will be:

A and B are partners sharing profit in the ratio of 3 : 2. They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be :

A,B,C were partners in a firm sharing profits in 3:2:1 ratio. They admitted D for 10% profits. Calculate the new profit sharing ratio?