Azad and Babli are partners in a firm sharing profits and losses in the ratio of 2 : 1. Chintan is admitted into the firm with 1/4 share in profits
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The following was the Balance Sheet of Arun, Bablu and Chetan sharing profits and losses in the ratio of 6/14 : 5/14 : 3/14 respectively.
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Pinky, Qumar and Roopa partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Seema is admitted as a new partner for 1/4 share in the profits of the firm, which he gets 1/8 from Pinky, and 1/16 each from Qumar and Roopa
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A and B are partners sharing profits and losses in the ratio of 3 : 1. On 1st April, 2017 they admitted C as a new partner for 1/4 share in the profits of the firm
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A and B share profits in the proportions of 3/4 and 1/4. Their Balance Sheet on March 31, 2016 was as follows:
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Amit and Viney are partners in a firm sharing profits and losses in 3 : 1 ratio. on 1.1.2017 they admitted Ranjan as a partner. on Ranjan’s admission the profit and loss account of Amit and Viney showed a debit balance of Rs. 40,000
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Leela and Meeta were partners in a firm sharing profits and losses in the ratio of 5 : 3. In April 2017 they admitted Om as a new partner. On the date of Om’s admission the balance sheet of Leela and Meeta showed a balance of Rs. 16,000 in general reserve and Rs. 24,000 (Cr)
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Given below is the Balance Sheet of A and B, who are carrying on partnership business on 31.12.2016. A and B share profits and losses in the ratio of 2 : 1
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Amar and Akbar are equal partners in a firm. They admitted Anthony as a new partner and the new profit sharing ratio is 4 : 3 : 2. Anthony could not bring this share of goodwill Rs. 45,000 in cash
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Rajesh and Mukesh are equal partners in a firm. They admit Hari into partnership and the new profit sharing ratio between Rajesh, Mukesh and Hari is 4 : 3 : 2. On Hari’s admission goodwill of the firm is valued at Rs. 36,000
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