A and B are partnres in the firm sharing profits in the ratio of 3:2. A and B surrender 1/2 of their respective shares in favour of C. C is to bring his share of premium for goodwilll in cash. Goodwill of the firm is valued RS 40,000.
Pass Journal entries recording goodwill in the above case.

A and B are partners in a firm sharing profits in the ratio of 2 : 1. C is admitted as a partner. A and B surrender (1)/(2) of their respective share in favour of C. C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at Rs.60,000. Credit will be given to :

A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrenders 1/5th of his share and B surrender 2/5th of his share in favour of C. For the purpose of C's admission, goodwill of the firm is valued at RS 75,000 and C bring his share of goodwill in cash which is retained in the firm's books. Journalise the above transactions.

A and B are partners sharing profit or loss in the ratio of 4 : 1 . A surrenders 1/4 of his share and B surrenders 1/2 of his share in favour of C, a new partner. What will be the C's share ?

Anant, Gulab and Khushbu were partners in a firm sharing profits in the ratio of 5 : 3 : 2. From 1.4.2014, they decided to share the profits equally, For the purpose the goodwill of the firm was valued at Rs. 2,40,000. Pass necessary journal entry for the treatment of goodwill on change in the profit sharing ratio of Anant, Gulab and Khushbu.

X and Y were partners sharing profits in the ratio of 2 : 1. With effect from 1st April, 2016, they decided to share profits in the ratio of 3 : 1. For this purpose the goodwill of the firm is valued at Rs. 1,80,000. Give the necessary journal entry.

A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C as partner in the firm for 1/4th share in profits which he takes 1/6th from A and 1/12th from B. C bring in only 60% of his share of firm's goodwill. Goodwill of the firm has been valued at RS.1,00,000. Pass necreassary Journal entries to record, this arrangement.

Amar and Samar were partners in a firm sharing profits and losses in 3:1 ratio. They admitted Kanwar for 1/4 share of profits. Kanwar could not bring his share of goodwill premium in cash. The Goodwill of the firm was valued at Rs. 80,000 on Kanwar’s admission. Record necessary journal entry for goodwill on Kanwar’s admission.

A and B were partners in a firm sharing profits in the ratio 3 : 2. With effect from 1st April 2016 they agreed to share profits equally. For this purpose the goodwill of the firm was valued at Rs. 30,000. Pass the necessary journal entry.