Question : Bakul and Gokul were partners in a firm sharing profits and losses in the ratio of 2: 1 with capitals of Rs. 40,000 and Rs. 30,000 respectively. They decided to admit Nakul into partnership on conditions that he would bring in Rs.20,000 as his capital and Rs.6,000 for his share of goodwill for 1/4th share of profits. Half of the amount of goodwill was withdrawn by the existing partners. The capital of the partners in the New firm were to be arranged in profit sharing ratio on the basis of Nakul's Capital and excess or deficit capital to be adjusted in cash.

Option 1: Bakul withdrew Rs 2,000 and Gokul withdrew Rs 11,000

Option 2: Bakul bring Rs 2,000 and Gokul Bring Rs 11,000

Option 3: Bakul withdrew Rs 2,000 and Gokul brings Rs 11,000

Option 4: None of the above

Question : Hari, Ravi and Kavi were partners in a firm sharing profits in the ratio of 3: 2: 1. They admitted Guru as a new partner for 1/7th share in the profits. The new profit-sharing ratio will be 2:2:2:1 respectively. Guru brought Rs. 3,00,000 for his capital and Rs. 45,000 for his

Question : X, Y and Z are partners sharing profits in the ratio of 5: 3: 7. X retired from the firm. Y and Z decided to share future profits in the ratio of 2: 3. The adjusted Capital Accounts of Y and Z showed a balance of Rs. 49,500 and Rs. 1,05,750 respectively. The total amount to be

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 : 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 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