(a) X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit W a...

X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

Find New Profit-sharing Ratio: (i) R and T are partners in a firm sharign profits in the ratio of 3 : 2. S joins the firm. R surrenders 1/4th of his share and T 1/5th of his share in favour of S. (ii) A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2 : 1. (iii) A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C for 1/5th share in the profit. C aquires 1/5th of his share from A and B 4/5th share from B. (iv) X,Y and Z are partners in the ratio of 3 : 2 : 1. W joins the firm as a new partner for 1/6th share in profits. Z would retain his original share. (v) A and B are equal partners. They admit C and D as partners with 1/5th and 1/6th share respectively. (vi) A and B are partners sharing profits/losses in the ratio of 3 : 2. C is admitted for 1/4th share. A and B decide to share equally in future.

(Old Partners sacrifion in a Particular Proportion). X and Y are partners sharing profits and losses in the ratio of 7 : 5. They admit Z, a new partner, who acquires 1/12th from X and 1/6th from Y as his share. Calculate new profit-sharing ratio and the sacrificing ratio.

X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership with (1)/(5) th share in profits which he acquires equally from X and Y, Z brings in Rs.40,000 as goodwill in cash. Goodwill amount will be credited to :

(When New or Incoming Partner brings a Part of his Share of Goodwill). X and Y are partners sharing profits and losses in the ratio of 3 : 2. They agree to admit Z as a partner for 1/5th share. Z acquires his share from X and Y in the ratio of 2 : 3. Goodwill of the firm is valued at RS 50,000. Z brings in only 60% of his share of goodwill and RS 2,00,000 as his capital through cheque. Pass necessary Journal entries under each of the following alternative cases: Case 1. When goodwill does not appear in the books. Case 2. When goodwill appears in the books at RS 20,000.

X and Y are partners sharing profits and losses in the ratio of 3 : 2.They admit Z into the partnership, who acquires 1/4th of his share from X and 3/16th share from Y. Calculate the new profit-sharing ration and sacificing ration.

X, Y and Z are partners in a firm sharing profits and losses in the ratio of 5:3:2. The partners decide to share future profits and losses in the ratio of 3:2:1. Each partner's gain or sacrifice due to change in the ratio will be :

(When Premium for Goodwill is paid privately). X and Y are partners in a firm sharing profits and losses in the ratio 3:2. They admit Z as partner for 1/4th share. Z paid RS 80,000 directly to X and Y as his share of goodwill. Pass the necessary Journal entry in the books of firm.

Bharat and Buhushan are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admit Bhagat for 1/5th share in profits. Calculate the new profit-sharing ratio of the partners when: (i) Bhagat gets his share equally from the old partners, (ii) Bhagat gets his share from Bharat and Bhushan in the ratio of 3 : 5, (iii) Bhagat gets his share from Bharat alone, (iv) Bhagat gets his share from Bhushan alone, and (v) Bhagat gets his share from Bharat 5/40 and from Bhushan 3/40.