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A and B are partners in a firm with capi...

A and B are partners in a firm with capital of RS.60,000 and RS.1,20,000 respectively. They decide to admit C into the partnership for 1/4th share in the future profits. C is to bring in a sum of RS.70,000 as his capital. Calculate amount of goodwill.

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Anil and Sunil are partners in a firm with fixed capitals of RS.3,20,000 and RS.2,40,000 respectively. They admitted Charu as a new partner for 1/4th share in the profits on the firm on 1st April, 2012. Charu brought RS.3,20,000 as her share of capital. Calculate value of goodwill and record necressary Journal entries.

A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2019, their capitals were RS.8,000 and RS.10,000 respectively. On that date, they admit C in parnership and give him 1/4th share in the future profits. C brings RS.8,000 as his capital and RS.6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Draft the Journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future.

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Bhuwan and Shivam were partners in a firm sharing profit in the ratio of 3 : 2. Their capitals were RS.50,000 and RS.75,000 respectively. They admitted Atul on 1st April, 2018 as a new partner for 1/4th share in future profits. Atul brought RS.75,000 as his capital. Calculate the value of goodwill of the firm and record necressary Journal entries for the above transactions on Atul's admission.

Hem and Nem are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 80,000 and Rs. 50,000 respectively. They admitted Sam on Jan. 1, 2017 as a new partner for 1/5 share in the future profits. Sam brought Rs. 60,000 as his capital. Calculate the value of goodwill of the firm and record necessary journal entries on Sam’s admission.

Hemant and Nishant were partners in a firm sharing profits in the ratio of 3 : 2. Their capitals were RS 1,60,000 and RS 1,00,000 respectively. They admitted Somesh on 1st April, 2013 as a new partner 1/5th share in the future porfits. Somesh brought RS 1,20,000 as his capital. Caluclate the value of goodwill of the firm and record necessary Journal entries for the above transctions on Somesh's admission.

(New Partner does not bring Cash for Goodwill). A and B who share profits in the ratio of 3 : 2 had capitals of RS 2,00,000 and RS 1,50,000 respectively. They agree to admit C into partnership from 1st April, 2019 on the following terms for 1/3rd share in future profits: (i) That C to bring RS 2,00,000 as capital. (ii) That C is unable to bring his share of goodwill of the firm is valued at RS 1,50,000. Pass necessary Journal entries in the books of the firm.

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