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Ans – a) Solution:- Goodwill of the firm = ₹ 1,00,000 Anil’s share in goodwill = 1,00,000 × 1/4 = ₹ 25,000 Old Profit sharing ratio of Dev, Anil and Aman is 2 : 1 : 1 Anil retired New…

Ans – d) Solution:- Old ratio of Harish, Girish and Paresh is 2 : 1 : 1 Paresh retired New ratio of Harish and Girish is 1 : 1 Harish gain = 1/2 – 2/4 = 2 – 2/4 =…

Ans – a) Explanation:- C’s share in goodwill = 3,22,000 – 2,50,000 = ₹ 72,000

Ans – a) Explanation:- The share of the retiring partner is acquired by the continuing partner in their gaining ratio. Thus the retiring partner is compensated in gaining ratio.

Ans – b) Solution:- B’s share in General Reserve = 15,000 × 2/5 = ₹ 6,000 B’s share in Goodwill = 30,000 × 2/5 = ₹ 12,000 B’s share in Revaluation Profit = 7050 × 2/5 = ₹ 2820 B’s…

Ans – c) Solution:- Goodwill of the firm = ₹ 30,000 B’s share in goodwill = 30,000 × 2/5 = ₹ 12,000 A and C would compensate it in their gaining ratio i.e. 2 : 1 A would compensate =…

Ans – c) Solution:- C’s share in goodwill of the firm is ₹ 9,000 it will be compensated by A and B in their gaining ratio that is 5 : 4 Thus A would be debited by 9,000 × 5/9 =…

Ans – a) Solution:- Old Profit sharing ratio of A, B and C is 3 : 2 : 1 C’s share 1/6 taken over by A and B equally A takes 1/6 × 1/2 = 1/12 B takes 1/6 ×…

Ans – a) Solution:- Old Profit sharing ratio of A, B and C 3 : 2 : 1 New Profit sharing ratio of A and B is 3 : 2 Gaining Ratio = New Profit share – Old Profit share…

Ans – b) Solution:- In the absence of any further information, the remaining partners new profit sharing ratio will be ratio of profit in which they share the profit.