Question 1 :
On the admission of a new partner, the decrease in the value of assets is debited to:<br/>

Question 2 :
When the incoming partner brings in his share of premium for goodwill in cash, it is adjusted by crediting to ____________ .

Question 3 :
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 4 :
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 5 :
'Samta Limited invited applications for issuing $6,750$ equity shares of $Rs 10$ each. The amount was payable as follows : On application - $Rs 3$ per share <br>On allotment - $Rs 5$ per share <br>On first and final call - $Rs 2$ per share <br>The issue was fully subscribed. Subhash applied for $250$ shares and paid his entire share money with application. Moti applied for $175$ shares and paid allotment money also with application. The amount received with applications was :<br>

Question 6 :
Accumulated Profits/Losses &amp; Reserves on the retirement of a partner are shared by the partners in&#160;their __________.&#160;

Question 7 :
A &amp; B are equal partners. They admit C and D as partners with $1/5$th and $1/6$th share respectively. What is the profit sharing ratio of all the partners?

Question 9 :
R,S,G are three partners sharing profit and loss in the ration of 8:7:5,S retires and his share of profit is taken by R,G in the ratio of 1:2. Find the new profit sharing ratio.

Question 10 :
A, B and C are partners sharing profits in the ratio of $4 : 3: 2$. B retires. A and C decide to share profits in the future in the ratio of $5 : 3$. The gaining ratio will be _______.&#160;

Question 11 :
The proportion in which old partners make a sacrifice is called ______.<br/>

Question 12 :
R &amp; S are in partnership sharing profit and losses at the ratio $3:2$. They take T as a new partner. Calculate the new profit sharing ratio, if T purchases $1/10$th share from R.

Question 13 :
Verma and Sharma are partners in a firm sharing profits and losses in the ratio of $5:3$. They admitted Ghosh as a new partner for $1/5^{th}$ share of profits. Ghosh is to bring in $Rs. 20,000$ as capital and $Rs. 4,000$ as his share of goodwill premium. Give the necessary Journal entries, when goodwill is paid privately.<br/><br/>

Question 14 :
X,Y and Z are three partners in a firm. Y died&#160; on 1st January.The firm had taken a life policy of Rs.18,000 at an annual premium of Rs.700. On the date of death of Y the JLP appears a Rs 1800. The Policy was duly received. How the profit on JLP will be distributed?

Question 15 :
A &amp; B are partners in a firm sharing profits and losses in the ratio 5:3. On admission, C brings Rs 1,40,000 in cash and Rs 96,000 against goodwill. New profit sharing ratio between A, B and C are 7:5:4. Find the sacrificing ratio as A:B?&#160;<br/>

Question 16 :
There are three partners P,Q and R sharing profit and loss in the ratio of 4:5:3. Q retires, and the remaining partners agreed to share profit and loss in future in the ratio of 7:8. What is the gaining ratio of the old partners?

Question 17 :
The ratio at which the continuing partners take up the retiring partner's share is _________.

Question 18 :
A, B &amp; C partners in a firm sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. Calculate the new profit sharing ratio of A &amp; C if B gives his share to A &amp; C in the original ratio of A &amp; C.

Question 19 :
A, B &amp; C partners in a firm sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. B gives his share to A and C in the original ratio of A &amp; C. What is the gain ratio?

Question 21 :
Decrease in assets at the time of retirement of partner is _________.

Question 22 :
A, B &amp; C partners sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. Calculate the new profit sharing ratio of A &amp; C if B gives his share to A &amp; C in ratio of 3:1.

Question 23 :
As per provisions of the Partnership Act, executor is entitled to interest at ____% on the final amount due to the deceased partner.

Question 24 :
A, B &amp; C are partners sharing profits &amp; losses in the ratio of 3:2:1.B retired from the firm. Partners A &amp; C decided to take his share in 3:1 ratio. What is the new ratio of the partners A &amp; C?

Question 25 :
Increase in assets at the time of retirement of partner is _______.