Naresh, Raj Kumar and Bishwajeet are equal partners. Raj Kumar decides to retire. On the date of his retirement, the Balance Sheet of the firm showed the following: General Reserves Rs. 36,000 and Profit and Loss Account (Dr.) Rs. 15,000.
Pass the necessary journal entries to the above effect.

(a) X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit W as partner for 1/6th share. Following is the extract of the Balance Sheet on the date of admission: Pass necessary Journal entries. (b) A and B were partners in a firm sharing porfit in 4 : 3 ratio. On 1st April, 2019, they admitted C as a new partnre. On the date of C's admission, the Balance Sheet of A and B showed a General Reserve of RS.84,000 and a debit balance of RS.8,400 in the 'Profit and Loss Account' Pass necessary Journal entries for the treatment of these on C's admission. (c) Give the Journal entry to distribute 'Workmen Compensation Reserve' of RS.72,000 at the time of admission of Z, when there is no claim of RS.48,000 against it. The firm has two partners X and Y. (d) Give the Journal entry to distribute 'Workmen Compensation Reserve' of RS.72,000 at the time of admission of Z, when there is claim of RS.48,000 against it . The firm has two partners X and Y. (e) Give the Journal entry to distribute 'Investment Fluctuation Reserv' of RS.24,000 at the time of admission of Z when Investment (Market Value RS.1,10,000) appears at RS.1,20,000. The firm has two partners X and Y. (f) Give the Journal entry to distribute 'General Reserve' of RS.4,800 at the time of admission of Z, when 20% of General Reserve is to be transferred to In vestment Fluctuatio Reserve. The firm has two partners X and Y. (g) A,B and C were partners sharing profits and losses in the ratio of 6 : 3 : 1. They decide to take D into partnership with effect from 1st April, 2019. The new profit-sharing ratio between A, B ,C and D will values, by passing a single adjustment entry: {:(,"Book Values RS"),("General Reserve","1,50,000"),("Contingency Reserve","60,000"),("Profit and Loos A/c (Cr.)","1,20,000"),("Pass the necessary single adjustment entry, through the Partner's Current Account.",):}

X and Y were partners in a firm sharing profits and losses in the ratio of 2 : 1. Z was admitted for 1/3rd share in the profits. On the date of Z's admission, the Balance Sheet of X and Y showed General Reserve of RS.2,50,000 and a credit balance of RS.50,000 in Profit and Loss Account. Pass necessary Journal entries on the treatment of these items on Z's admission.

Jaya, Kirti, Ekta and Shewata are partners in a firm sharing profits and losses in the ratio of 2 : 1 : 2: 1 . On Jaya's retirement, the goodwill of the firm is valued at Rs. 36,000. Kirti, Ekta and Shweta decided to share future profits equally. Record the necessary journal entry for the treatment of goodwill without opening 'Goodwill Account'.

X and Y are partners in a firm sharing profit and losses in the ratio of 3 : 2. On 1st April, 2019, they admit Z as a partner for 1/5th share in profis. On that date, there was a balance of RS.1,50,000 in General Reserve and a debit balance of RS.20,000 in the Profit and Loss Account of the firm. Pass necessary Journal entries regarding adjustment of reserve and accumulated profit/loss.

Rajinder and Surinder are partners in a firm sharing profits in the ratio of 4:1. On April 15, 2017 they admit Narender as a new partner. On that date there was a balance of Rs. 20,000 in general reserve and a debit balance of Rs. 10,000 in the profit and loss account of the firm. Pass necessary journal entries regarding adjustment of a accumulate a profit or loss.