5) The capital of A, B and D are Rs.1,00,000 Rs.75,000 and Rs.50,000 respectively with the profit sharing ratio 3:2:1.B retries on the basis of his shares purchased by other partners keeping the total capital intact. The new ratio between A & D is 3:1.Find the capital of A & D after purchasing B's share

10) A ,B & C takes a joint life policy ,after 5 years B retries from the firm. old profit sharing ratio is 2;2:1.After retirement A & C decides to share profit equally .They had taken a Joint life policy of Rs.2,50,000 with the surrender value Rs.50,000.what will be the treatment in the partner's capital account on receiving the JLP amt if joint life premium is fully charged to revenue as & when paid

11) A ,B & C takes a joint life policy ,after 5 years B retries from the firm. old profit sharing ratio is 2;2:1.After retirement A & C decides to share profit equally .They had taken a Joint life policy of Rs.2,50,000 with the surrender value Rs.50,000.what will be the treatment in the partner's capital account on receiving the JLP amt if joint life policy is maintained at the surrender value

12) A ,B & C takes a joint life policy ,after 5 years B retries from the firm. old profit sharing ratio is 2;2:1.After retirement A & C decides to share profit equally .They had taken a Joint life policy of Rs.2,50,000 with the surrender value Rs.50,000.what will be the treatment in the partner's capital account on receiving the JLP amt if joint life policy is maintained at the surrender value along with reserve

15) A , B and C are partners sharing profit and losses in the ratio 2: 2:1 .with the capital of Rs.50,000 for A & B for C Rs.25,000. B retries and the balance in reserve on the date was Rs.15,000 . If the goodwill of the firm was valued as Rs.30,000 & profit on revaluation was Rs.7,050 then what will be the amount to be transferred to loan account of B

19) Balances of M/s R ,H ,K sharing profit and losses in the ratio to their capital stood as follows R- Rs.3,00,000 ; H- Rs.2,00,000 :K- Rs.1,00,000.R decided to retire form the firm & the remaining partners decided to carry on ,JLP of the partners surrendered & cash obtained Rs.60,000.What will be the treatment for JLP ?

20) Balances of R ,H ,K sharing profit and losses in the ratio to their capital stood as follows R- Rs.2,00,000 ; H- Rs.3,00,000 :K- Rs.2,00,000.JLP reserve Rs.80,000 & JLP Rs.80,000 R decided to retire form the firm & the remaining partners decided to carry on ,JLP of the partners surrendered & cash obtained Rs.80,000.What will be the treatment for JLP ?

21) Balances of R ,H ,K sharing profit and losses in the ratio to their capital stood as follows R- Rs.2,00,000 ; H- Rs.3,00,000 :K- Rs.2,00,000. R decided to retire form the firm & the remaining partners decided to share future profits equally ,Goodwill of the entire firm be valued at Rs.1,40,000 & no Goodwill account being raised

22) Balances of R ,H ,K sharing profit and losses in the ratio to their capital stood as follows R- Rs.2,00,000 ; H- Rs.3,00,000 :K- Rs.2,00,000.JLP reserve Rs.80,000 & JLP Rs.80,000 H decided to retire form the firm & the remaining partners decided to share future profits equally ,JLP of the partners surrendered & cash obtained Rs.80,000.Goodwill of the firm is Rs.1,40,000 & goodwill account is to be raised .revaluation loss was Rs.10,000.amount due to A is to be settled on the following basis 50 % on retirement & the balance 50% within 1 year .The total capital of the firm is to be the same as before retirement .Individual capitals in their profit sharing ratio. Find the balances of partner's capital account

23) Balances of R ,H ,K sharing profit and losses in the ratio 2:3:2 to their capital stood as follows R- Rs.10,00,000 ; H- Rs.15,00,000 :K- Rs.10,00,000.JLP Rs.3,50,000 .H decided to retire form the firm & the remaining partners decided to share future profits sharing ratio of 3;2,JLP of the partners surrendered & cash obtained Rs.3,50,000.what would be the treatment for JLP/

24) A , B and C are partners sharing profit and losses in the ratio 9:4:3 .They took a joint life policy of Rs.25,000 for A ,Rs.20,000 for B, Rs.51,000 for C.What is the share of C in the JLP amount ?

55) A ,B & C takes a joint life policy ,after 5 years B retries from the firm. old profit sharing ratio is 2;2:1.After retirement A & C decides to share profit equally .They had taken a Joint life policy of Rs.5,00,000 with the surrender value Rs.,100,000.what will be the treatment in the partner's capital account on receiving the JLP amt if joint life premium is fully charged to revenue as & when paid

56) A ,B & C takes a joint life policy ,after 5 years B retries from the firm. old profit sharing ratio is 2;2:1.After retirement A & C decides to share profit equally .They had taken a Joint life policy of Rs.5,00,000 with the surrender value Rs.,100,000.what will be the treatment in the partner's capital account on receiving the JLP amt if joint life premium is maintained at the surrender value ?

57) A ,B & C takes a joint life policy ,after 5 years B retries from the firm. old profit sharing ratio is 2;2:1.After retirement A & C decides to share profit equally .They had taken a Joint life policy of Rs.5,00,000 with the surrender value Rs.,100,000.what will be the treatment in the partner's capital account on receiving the JLP amt if joint life premium is maintained at the surrender value along with reserve ?

59) A , B and C are partners sharing profit and losses in the ratio 2: 2:1 .with the capital of Rs.1,00,000 for A & B for C Rs.50,000. B retries and the balance in reserve on the date was Rs.30,000 . If the goodwill of the firm was valued as Rs.60,000 & profit on revaluation was Rs.14,100 then what will be the amount to be transferred to loan account of B

63) Balances of M/s A ,B ,C sharing profit and losses in the ratio to their capital stood as follows A- Rs.6,00,000 ; B- Rs.4,00,000 :C- Rs.2,00,000.A decided to retire form the firm & the remaining partners decided to carry on ,JLP of the partners surrendered & cash obtained Rs.1,20,000.What will be the treatment for JLP ?

64) Balances of R ,H ,K sharing profit and losses in the ratio to their capital stood as follows R- Rs.4,00,000 ; H- Rs.6,00,000 :K- Rs.4,00,00.JLP reserve Rs.1,60,000 & JLP Rs.1,60,000 R decided to retire form the firm & the remaining partners decided to carry on in equal ratio ,JLP of the partners surrendered & cash obtained Rs.1,60,000.What will be the treatment for JLP ?

65) Balances of A ,B ,C sharing profit and losses in the ratio to their capital stood as follows A- Rs.4,00,000 ; B- Rs.6,00,000 :C- Rs.4,00,00. A decided to retire form the firm & the remaining partners decided to share future profits equally ,Goodwill of the entire firm be valued at Rs.2,80,000 & no Goodwill account being raised

66) Balances of R ,H ,K sharing profit and losses in the ratio to their capital stood as follows R- Rs.4,00,000 ; H- Rs.6,00,000 :K- Rs.4,00,000 .JLP reserve Rs.1,60,000 & JLP Rs.1,60,000 R decided to retire form the firm & the remaining partners decided to share future profits equally ,JLP of the partners surrendered & cash obtained Rs.1,60,000.Goodwill of the firm is Rs.2,80,000 & goodwill account is to be raised .revaluation loss was Rs.20,000.amount due to A is to be settled on the following basis 50 % on retirement & the balance 50% within 1 year .The total capital of the firm is to be the same as before retirement .Individual capitals in their profit sharing ratio. Find the balances of partner's capital account

67) Balances of R ,H ,K sharing profit and losses in the ratio 2:3:2 to their capital stood as follows R- Rs.20,00,000 ; H- Rs.30,00,000 :K- Rs.20,00,00.JLP Rs.7,00,000 .H decided to retire form the firm & the remaining partners decided to share future profits sharing ratio of 3;2,JLP of the partners surrendered & cash obtained Rs.7,00,000.what would be the treatment for JLP

114) P,Q & R are three partners sharing profit & loss in 5:3:2 ratio.P retires from the firm.Q & R decided to continue in new ratio 3:2.On the date of retirement stock,sundry debtors and provision for bad debts stand in the books at Rs.50,000,45,000 & 4,500.The partners decided to revalue assets as under. Stock to be reduced to 90%.provision for bad debts to be brought to 15%. Find the distribution of profit/loss on revaluation.