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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.

Ans – c) Solution:- The old Profit sharing ratio of Srishti, Nitya and Anand is 3 : 2 : 1 Srishti retired his share taken by Nitya and Anand in 2 : 1 Nitya takes 3/6 × 2/3 = 6/18…

Ans – c) Solution:- Gaining Ratio of Amla and Kavita is 3,600 : 3,000 6 : 5

Ans – b) Explanation:- All accumulated losses are debited to all the partners in their old profit sharing ratio as is the part of the past profits.

Ans – d) Explanation:- Gaining Ratio = New Profit share – Old Profit share