Question : A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2. On 1st April, 2016 the capitals of the partners were: Rs.5,00,000; Rs.3,00,000 and Rs.2,00,000 respectively. The firm closes its books on 31st March every year. C dies on 5th April, 2016.

On that date :
(a) Goodwill of the firm was valued at Rs.30,000; and
(b) Gain on Revaluation was calculated at Rs. 8,000.
(c) Advertisement Suspense Account appearing in the books was Rs. 10,000.
(d) C’s share of profit till the date of his death was calculated as Rs.200.
Amount due to C’s Executors will be 

 

Option 1: Rs 2,05,800

Option 2: Rs 2,05,000

Option 3: Rs 2,50,000

Option 4: None of the above

Question : A, B and C  were partners in a firm sharing profits in the ratio of 2:2:1.

The firm closes its books on 31st March, every year. On 31-12-2015 C died. On that date, his Capital account showed a credit balance of Rs.3,80,000 and Goodwill of the firm was valued

Question : Ram  Mohan and Anil were partners in a firm sharing profits in a 2:2:1 ratio.
The firm closes its books on 31st March every year. Mohan died on 24-8-2017. On Mohan’s death, the goodwill of the firm was valued at Rs.75,000. The partnership deed provided that on

Question : A, B  and C  were partners in a firm sharing profits in the ratio of 1:2:1. The firm closes its books on 31st March every year. On 30th September 2015, B died. On that date, his capital account showed a debit balance of Rs.5,000. There was a debit balance of Rs.

Question : A, B and C are partners sharing profits in the ratio of 3: 2: 1. On March 31, 2018, C died and a new profit-sharing ratio was agreed upon at 3: 1. They also decided to record the effect of the following without affecting their book values: 
General Reserve

Question : Ram  Mohan and Anil were partners in a firm sharing profits in a 2:2:1 ratio.
The firm closes its books on 31st March every year. Mohan died on 24-8-2017. On Mohan’s death, the goodwill of the firm was valued at Rs.75,000. The partnership deed provided that on