X and Y are partners in a shring profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Debtors and Provision for Doubtful Debts appeared at RS.76,000 and RS.8,000 respectively. RS.6,000 of the debtors proved bad. A provision of 5% is to be created on Sundry Debtors for doubtful debts. Pass the necessary Journal entries.

X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner and fixed the new profit-sharing ratio as 3 : 2 : 1. At the time of admission of Z, Debtors and Provision for Doubtful Debts appeared at RS.50,000 and RS.5,000 respectively all debtors are good. Pass the necessary Journal entries.

X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission, of Z. Investments appeared at RS.80,000. Half of the investments to be taken by X and Y in their profit-sharign ratio at books value. Remaining investments were valued at RS.50,000. Pass the necessary Journal entries.

X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as partner for 1/4th share. At the time of admission of Z, Stock (Book Value RS.1,00,000) is to be reduced by 40% and Furniture (Book Value RS.60,000) is to be reduced to 40%. Pass the necessary Journal entries.

X and Y are partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2019, they admit Z as a partner for 1/4th share in the profits. Z contributed following assets towards his capital and for his share of goodwill: Stock RS.60,000, Debtors RS.80,000, Land RS.1,00,000, Plant and Machinery RS.40,000. On the date of admission of Z, the goodwill of the firm was valued at RS.6,00,000. Pass necessary Journal entries in the books of the firm on Z's admission.

X and Y are partners in a firm sharing profits in the ratio of 5 : 3. They admitted Z as a new partner. The new profit sharing ratio will be 4 : 3 : 2. The firm's goodwill on Z's admission was valued at Rs.1,26,000. But Z could not bring any amount of goodwill in Cash. Credit will be given to :

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.

Sahaj and Nimish are partners in a firm. They share profit and losses in the ratio of 2 : 1. Since both of them are specially abled, sometimes they find it difficult to run the business on their own. Therefore, they admitted Gauri into partnership for a 1/3rd share. She brought her share of goodwill in cash and proportionate capital. At the time of Gauri's admission, the Balance Sheet of Sahaj and Nimish was as under: It was decided to: (i) Reduce the value of stock by RS.5,000. (ii) Depreciate furniture by 10% and appreciate machinery by 5%. (iii) RS.3,000 of the debtors proved bad. A provision of 5% was to be created on Sundry Debtors for doubtful debts. (iv) Goodwill of the firm was valued at RS.45,000. Prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm.

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.