Question : A and B are partners in a firm sharing profits in the ratio of 7: 5. On April 1,2017 they admit $C$ as a new partner for $\frac{1}{6}$ th share. The new ratio will be 13:7:4.

C contributed the following assets towards his capital and for his share of goodwill : Stock Rs.60,000; Debtors Rs.80,000; Land Rs.2,00,000; Plant and Machinery Rs. 1,20,000. On the date of admission of $C$, the goodwill of the firm was valued at Rs. 7,50,000
The amount of capital contributed by the new partner will be----

Option 1: Rs 4,60,000

Option 2: Rs 3,35,000

Option 3: Rs 4,00,000

Option 4: Rs 4,50,000

Question : Krishna and Suresh were partners in a firm sharing profits in the ratio of 3: 1. With a capital of Rs 3,00,000 and Rs 2,00,000. On 1st April, 2015 they admitted Rahul as a new partner for 1/5 th share in profits of the firm. On the date of Rahul's admission the Balance

Question : A, B and C are partners in a firm sharing profits and losses in the ratio of 3: 2: 1. D is admitted as a new partner for 1/4 share in the profits of the firm, which he gets 1/8 from A, and 1/16 each from B and C. The total capital of the new firm after D's admission will

Question : Cake and Muffin are partners sharing profits and losses in the ratio of 5: 4. On 1st April, 2016, they admit Cookie as a new partner for 1/6th share in the profits of the firm and the new ratio agreed upon is 3: 2: 1.

Goodwill, at the time of Cookie's admission is

Question : When goodwill existing in the books is written off at the time of admission of a partner it is transferred to Partners' Capital Accounts in their

Question : X and Y are partners with a capital of Rs 5,000 each. They admitted Z as partners with 1/4 share in the profit of the firm. Z brings Rs 8,000 as his share of capital. The profit and loss a/c showed a credit balance e of Rs 4,000 as of the date of admission of Z. Journal entry