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A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$\frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
A
Rs. 50,000
B
Rs. 40,000
C
Rs. 75,000
D
Rs. 65,000
Correct Answer:
Rs. 65,000
X and Y are partners in the firm. Their profit sharing ratio is 2 : 3. Rs. 10,000 goodwill is appearing in the books. Z becomes new partner in the firm for $${\frac{1}{5}^{{\text{th}}}}$$ share. His share of goodwill is calculated as Rs. 15,000. Amount of goodwill credited to old partners capital account will be
A
Rs. 50,000
B
Rs. 40,000
C
Rs. 75,000
D
Rs. 65,000
A and B are partners sharing profits in the ratio of 2 : 1 They admit C who agrees that his share of goodwill Rs. 15,000 be debited to his capital he is required to bring in. The future profit sharing ratio of A, B and C will be 2 : 3 : 3 respectively.
A's Capital account in lieu of goodwill will be credited by:
A
Rs. 10,000
B
Rs. 15,000
C
Rs. 16,533
D
Rs. 16,667
A and B are partners sharing profits in the ratio of 3 : 2. Their books showed goodwill at Rs. 3,000. C is admitted with $${\frac{1}{4}^{{\text{th}}}}$$ share of profits and brings Rs. 10,000 as his capital. But, he is not able to bring in cash for his share of the goodwill of Rs. 3,000. How will you treat this?
A
Goodwill is raised by Rs. 12,000
B
C will remain as debtor for Rs. 3,000
C
C's account is debited by Rs. 3,000
D
Goodwill is raised by Rs. 9,000
A and B are partners in a firm and share profits and losses in the ratio of 3 : 2. C joins firm as new partner and contributes Rs. 6,000 as premium for goodwill in cash. Here, the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio, that is 5 : 3 : 2 as
A
Rs. 3,600 : Rs. 2,400
B
Rs. 3,000 : Rs. 3,000
C
Rs. 2,400 : Rs. 3,600
D
Rs. 2,000 : Rs. 4,000
A and B are partners sharing profit and loss in 2 : 1 ratio. They admitted C who agreed to contribute Rs. 50,000 towards his capital. The future profit sharing ratio of A, B and C is 2 : 3 : 3 respectively. C agreed to transfer Rs. 15,000 for Goodwill from his capital account. A's capital account will be credited by
A
Rs. 15,000
B
Rs. 16,333
C
Rs. 16,667
D
Rs. 17,333
R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R given $${\frac{1}{4}^{{\text{th}}}}$$ of his share and S given $${\frac{2}{5}^{{\text{th}}}}$$ of his share to new partner. New profit sharing ratio of R, S and T will be
A
15 : 01 : 26
B
75 : 36 : 49
C
25 : 15 : 26
D
20 : 9 : 11
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Books are our ______ friends. They are our guides. We can learn everything from them. The books contain all the great ______ of the world's leaders and we can learn them by reading the books. The books help us find ______ to our questions. The books never fail us. We should read as ______ books as we can. But all books are not good. So we should ______ only good books. So we should ______ only good books and read them.
A
remove
B
looking
C
steel
D
choose
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Books are our ______ friends. They are our guides. We can learn everything from them. The books contain all the great ______ of the world's leaders and we can learn them by reading the books. The books help us find ______ to our questions. The books never fail us. We should read as ______ books as we can. But all books are not good. So we should ______ only good books. ______ books as we can.
A
much
B
many
C
few
D
less
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Books are our ______ friends. They are our guides. We can learn everything from them. The books contain all the great ______ of the world's leaders and we can learn them by reading the books. The books help us find ______ to our questions. The books never fail us. We should read as ______ books as we can. But all books are not good. So we should ______ only good books. The books help us find ______ to
A
answers
B
solutions
C
relations
D
opinions
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. Books are our ______ friends. They are our guides. We can learn everything from them. The books contain all the great ______ of the world's leaders and we can learn them by reading the books. The books help us find ______ to our questions. The books never fail us. We should read as ______ books as we can. But all books are not good. So we should ______ only good books. Books are our ______ friends.
A
fake
B
original
C
real
D
majestic