12) A and B are partners sharing profit and losses in the ratio 5:3 .They admitted C as a new partner .C would pay Rs.50,000 as his capital, and Rs.16,000 as goodwill. for 1/5th share of profit. Machinery would be appreciated by 10% (book value Rs.80,000) & building would be depreciated by 20% (Rs.2,00,000).unrecorded debtors of Rs.1,250 would be bought into the books now & a creditors amounting to Rs.2,750 died and need not pay anything to its estate .find the distribution of profit & loss on revaluation between A,B & C

13) A and B are partners sharing profit and losses in the ratio 5:3 , A's capital is Rs.50,000 & B's capital is Rs.30,000 ;Reserve fund Rs.15,000.They admitted C as a new partner .C contributes Rs.25,000 to the firm for 1/6 the share in the partnership from the existing partners A & B in the ratio of 3:2 for Rs.25,000,find closing capital of C

14) J and K are partners sharing profit and losses in the ratio 5:3 , J's capital is Rs.2,50,000 & K's capital is Rs.2,00,000 ;.They admitted O as a new partner .O contributes Rs.50,000 as his capital, and Rs.16,000 as goodwill for 1/5 the share in the profit , find the balance of capital account after admission of O

15) S & D share profit and losses equally. They admit C as an equal partner & assets were revalued as follows :Goodwill at Rs.30,000 (book value NIL). Stock at Rs.20,000 (book value Rs.12,000);machinery at Rs.60,000 (book value Rs.55,000) .C is to bring in Rs.20,000 as his capital & the necessary cash towards his shares of goodwill. Goodwill account will not remain in the books .Find the profit /loss on revaluation to be shared among S,D & C

18) P & Q are partners sharing profit in the ratio of 2:1.R is admitted to the partnership w.e.f 1st April on the terms that he will bring in Rs.20,000 as his capital & for 1/4th shares he pays Rs.9,000 for goodwill ,half of which is to be withdrawn by P &Q .profit on revaluation is Rs.6,000 & opening capital of P is Rs.40,000 & of Q is Rs.30,000.Find the closing balance of each capital

55) A & B share profit and losses equally. They admit C as an equal partner & assets were revalued as follows :Goodwill at Rs.60,000 (book value NIL). Stock at Rs.40,000 (book value Rs.24,000);machinery at Rs.1,20,000 (book value Rs.1,10,000) .C is to bring in Rs.40,000 as his capital & the necessary cash towards his shares of goodwill. Goodwill account will not remain in the books .Find the profit /loss on revaluation to be shared among A, B & C

57) X and Y are partners sharing profit and losses in the ratio 5:3 .They admitted C as a new partner .C would pay Rs.1,00,000 as his capital, and Rs.32,000 as goodwill. for 1/5th share of profit. Machinery would be appreciated by 10% (book value Rs.1,60,000) & building would be depreciated by 20% (Rs.4,00,000).unrecorded debtors of Rs.2,500 would be bought into the books now & a creditors amounting to Rs.5,500 died and need not pay anything to its estate .find the distribution of profit & loss on revaluation between X,Y & C

60) R and K are partners sharing profit and losses in the ratio 5:3 , R's capital is Rs.5,00,000 & K's capital is Rs.4,00,000 ;.They admitted O as a new partner .O contributes Rs.1,00,000 as his capital, and Rs.32,000 as goodwill for 1/5 the share in the profit , find the balance of capital account after admission of O

61) A and B are partners sharing profit and losses in the ratio 3:2 , A's capital is Rs.1,00,000 & B's capital is Rs.60,000 ;Reserve fund Rs.30,000.They admitted C as a new partner .C contributes Rs.50,000 to the firm for 1/6 the share in the partnership from the existing partners A & B in the ratio of 3:2 for Rs.25,000,find closing capital of C will be

91) Amit and Anil are Partners of a partnership Firm sharing profits in the ratio of 5:3 with Capital of Rs.2,50,000 and Rs.2,00,000 respectively. Atul brought 50,000 as Capital and Rs.16,000 as Goodwill, for 1/5th profit. Find the balance of Capital A/c's after admission of atul.

97) P and Q are Partners sharing profit in the ratio of 2:1. R is admitted to the partnership w.e.f 1st April on the term that he will bring Rs.30,000 as his Capital for 1/5th share and pay Rs.18,000 for Goodwill, half of which is to be withdrawn by P and Q. profit on revaluation is Rs.6,000.Opening Capital of P and Q is Rs.40,000 and Rs.30,000 respectively. Find the Closing balance.

103) A, B and C are equal Partners in a Firm with Capital of Rs.16,800, Rs.12,600 respectively, Bills payable Rs.3,300, Creditors Rs.6,000, Cash Rs.600, Debtors Rs.10,800, Stock. Rs.11,400, Furniture Rs.2,400 and Building Rs.19,000. E admitted to the Firm and bring Rs.9,000 as Goodwill and Rs.15,000 as Capital.Half the Goodwill is withdrawn by old Partners, and Stock and Furniture is depreciated by 10%. A provision of 5% on Debtors is created and value of Building is Rs.27,000. Profit on revaluation will be -

157) A and B are partners in a firm sharing profits and losses in the ratio of 3:2.C joins the firm for 1/3rd share,and is to pay Rs.40,000 as premium for goodwill but cannot pay anything,As between A and B,they decided to share profits and losses equally.Goodwill already appearing in balance sheet is 1,00,000.Required journal entry______

168) A and B shares profit and loss equally.They admit C as an equal partner and assets were revalued as follow:Stock at Rs.10,000(book value Rs.12,000)Machinery at Rs.50,000 (book value Rs.55,000) Building would be appreciated by 10% (book value Rs.15,000) find the profit/loss on revaluation to be shared among A and B.

169) A and B are partners sharing profit in the ratio of 5:3. C was admitted on the following terms. New profit sharing ratio will be 7:5:3.Machinery would be appreciated by 10%(book value Rs.1,80,000)Building would be depreciated by 6%(book value Rs.1,50,000) To create provision for bad debts 5% on debtors of Rs.40,000.Find the distribution of profit/loss on revaluation between A & B.