Question 1 :
X,Y and Z are partner sharing profits in the ratio of $5:3:2$. If $Y$ retires then the new ratio will be______.

Question 2 :
The capital of B and D are Rs,60,000 and Rs.30,000 respectively with the profit sharing ratio 3 : 1.The new ratio , admissible after 01.04.2006 is 5 : 3. The goodwill is valued Rs.40,000 as on that date. Amount payable by a gaining partner to a scarifying partner will be (without opening Goodwill A/c) _____________.

Question 3 :
A and B are partners sharing profits in the ratio of $1 : 2$. They admit C for $1/5$th share and decide to share future profits equally. The new profit sharing ratio will be _______. 

Question 4 :
N & D are in partnership sharing profits and losses equally. They agreed to take G as a partner. New profit sharing ratio of N, D & G becomes 4:2:3. Sacrificing ratio is -

Question 5 :
When $A$ and $B$, sharing profits and losses in the ratio of $3:2$, admit $C$ as a partner giving him $1/5^{th}$ share of profits. This will given by $A$ and $B$ __________ .

Question 6 :
P, Q and R are three partners in a partnership firm X retirement stock, Sunday debtors and provision for bad debts stand in the books of A/c at Rs. 50,000,Rs.45000 and Rs.4500 respectively. The partners decided to revalue assets as under. Stock-in-trade to be reduced to 90%, provision for bad debts to be brought to  15% of Sundry debtors. The entry for revaluation of stock-in-trade will be ________.

Question 7 :
A retiring partner is liable for all acts of the firm __________.

Question 8 :
X <span>and Y share profits and losses in the ratio of 4 : 3. They admit Z in&#160;the firm with 3/7 share which he gets 2/7 from X and 1/7 from Y. The new profit&#160;sharing ratio will be:</span>

Question 9 :
To ascertain profit or loss on retirement / death of&#160; a partner _____________ is prepared.

Question 10 :
X, Y, Z are equal partners in a firm. Z retires from the firm. The new profit sharing ratio between X and Y is $1:2$. Find the gaining ratio.

Question 11 :
A, B, C are partners sharing profits and losses in the ratio of 4/9: 1/3: 2/9. B retires and surrenders 1/9th from his share in favour of A and remaining in support of C. The new profit sharing ratio will be ______.&#160;

Question 12 :
A, B and C were partners sharing profits and losses in the ratio of 3 :2 :1. A retired and Goodwill of the firm is to be valued at Rs. 48,000 and Goodwill Account is to be raised which is not appearing in the balance sheet. What will be the treatment for Goodwill?

Question 13 :
A &amp; B are partner sharing profits and losses in the ratio of 3:2. C is coming as a new partner for 1/3rd share. Calculate scarifying ratio between A and B.

Question 14 :
Tom and Ban are partners in a Firm for 2 : 1 ratio.<br/>They admitted Jay as new partner for 1/5 share. calculate new ratio ?<br/>

Question 15 :
When required amount for premium for goodwill is not brought in by new partner, goodwill account is raised in the books of the firm by debiting goodwill account and crediting partners capital account in old profit sharing ratio and written off in .................... , if it is agreed not to show goodwill in the books of the firm OR ALTERNATIVELY premium for goodwill should be adjusted through partners' capital accounts by debiting new partners share of goodwill to his account and old partners' capital accounts in ............ .

Question 16 :
The rate of underwriting commission payable on the issue of shares should not be more than _____.

Question 17 :
X and Y are sharing profits in the ratio of $3 : 1$. Z joined the firm by taking $1/3^{rd}$ share. The new profit sharing ratio is ___________.&#160;

Question 18 :
A,B, C and D are four partners in a firm sharing profits and loss in the ratio of 18:15:18:3, D retires from the firm and his share of profit is purchased by the remaining partners&#160;A,B and C as 1/54,1/54 and 1/54.<br/>What is the gaining ratio remaining partners?

Question 20 :
R and K are partners sharing profits in the ratio of $4 : 3$. S joins and the new ratio of R, K and S is $7 : 4 : 3$. What is the sacrificing ratio?