A, B and C are partners in a firm sharing profits in the ratio of 3:2:1. B retired and the value of goodwill of the firm in valued at Rs. 60,000. A and C continued the business sharing profits in the ratio of 3:1. B's share of goodwill adjusted between A and C will be:

The sum due to the retiring partner and to the legal representatives/executors (in case of death) includes the following, in addition to credit balance of his capital/current A/c, share of goodwill, gain on revaluation of assets and liabilities.

A, B and C are partners in a firm. If C retires/dies, his capital account is credited with:

Mohit, Sohan and Rahul are partners sharing profits in the ratio of 2:2:1. Sohan died on 30th September 2025. According to the deed, his legal representatives are entitled to:

(a) Balance in Capital Account :Rs. 60,000

(b) His Share of goodwill is valued at :Rs. 19,200

(c) Share in profits up to the date of death :Rs. 3,200

(d) Interest on capital account @ 12% p.a.

Amount payable to Sohan's Executors A/c will be:

Shweta, Shreya and Shaniya were partners sharing profits in the ratio of 3 : 2 : 1. Shaniya retired from the firm and her capital, after making adjustments for reserves and gain of revaluation amounted to Rs. 4,50,000. Shaniya took 25% of the furniture, accepted bill of exchange for Rs. 52,000. Finally Rs. 2,75,000 was transferred to her loan account. The total value of furniture was :

The amount of interest payable at the end of fourth year will be

On retirement/death of a partner, the remaining partner(s) who have gained due to change in profit sharing ratio should compensate the: