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Category DK Goel Retirement of a partner

DK Goel Retirement of a partner 32 Questions

0 Votes 1 Ans

A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. C decided to retire and on this date goodwill of the firm is valued at ₹ 2,00,000

149 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q and R are equal partners. Goodwill is appearing in their books at ₹ 4,00,000. R retires and on the day of R’s retirement Goodwill is valued at ₹ 2,50,000

139 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are sharing profits in the ratio of 4 : 3 : 2. Goodwill is appearing in the books at a value of ₹ 42,000. C retires and on the day of C’s retirement Goodwill is valued at ₹ 63,000

144 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

Ashok, Rakesh and Mukesh were partners sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2023, their goodwill was valued at ₹ 3,00,000, there being no account for it in the books

143 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

L, M and N are three partners sharing profits in the ratio of 4 : 3 : 2 respectively. M retires and the goodwill is valued at ₹ 1,08,000. No goodwill account appears as yet in the books of the firm

158 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y

145 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A and B were partners sharing profits in the ratio of 5 : 3. On 1st April, 2021 they admitted C as a new partner for 1/4th share which he acquired from A and B in the ratio of 3 : 2

163 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q, R and S were partners sharing profits in the ratio of 2 : 3 : 5 : 2. S retires and his share is acquired by Q and R in the ratio of 3 : 2. Calculate new ratio and gaining ratio

154 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing profits in the ratio of 1/9 : 1/3 and 5/9. Z retires and surrenders 3/4th of this share in favour of X and remaining in favour of Y

155 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

Rekha, Ruchi and Suruchi are partners. Ruchi retires. Calculate new ratio if continuing partners acquired her share in the ratio of 2 : 3

148 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B, C and D are partners sharing profits in the ratio of 5 : 4 : 3 : 2. A retires and B, C and D decide to share the profits and losses equally in future

170 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 1/2 : 1/3 : 1/6. C retires and A and B decide to share future profits equally. Calculate the gaining rati

151 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

On 1st April, 2023 A, B and C were partners sharing profits and losses in the ratio of A 5/10, B 3/10 and C 2/10 respectively. On this date B retires

141 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

On 1st April, 2023 Ashish, Namish and Aman were partners sharing profits and losses in the ratio of 2/5, 2/5 and 1/5 respectively. On this date, Namish retires

116 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio

137 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z share profits in the ratio of 1/2, 3/10, 1/5. Calculate the gaining ratio and new ratios when

148 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners sharing profits in the ratio of 7 : 5 : 3. Find out the gaining ratio and new ratios when (i) A retires, (ii) B retires or (iii) C retires

140 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q and R are in partnership sharing profits and losses as 1/2, 2/6 and 1/6 respectively. R retires and his share is taken by P and Q in the ratio of 2 : 1

129 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q, R and S were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. On 31st March, 2022, P retired from the firm

125 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

Aman, Naman and Neel were partners in a firm sharing profits in the ratio of 1 : 2 : 1. Neel retires and he surrenders 2/3rd of his share in favour of Aman and the remaining share in favour of Naman

126 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing in the ratio of 2 : 2 : 1. Y retires and his share is entirely taken by Z. Calculate the new ratio

128 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 1/2 : 1/3 : 1/6. B retires and his share is taken by A and C in the ratio of 5 : 3. Calculate the new ratio

136 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 4 : 3 : 1. A retires and his share is taken over by B and C equally. Calculate the new ratio

106 viewsAnurag Pathak Edited answer October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. B retires and his share was taken up by A and C in the ratio of 3 : 2. Find out the new ratio

115 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

L, M and O were partners in a firm sharing profits in the ratio of 3 : 2 : 2. M retired and his share was divided equally between L and O

131 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

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