Sunila and Manisha are partners in a firm sharing profits and losses in the ratio of 5:3. Radhika is admitted in the firm for 1/5th share of profits. She brings in Rs. 40,000 as her share of goodwill. Give the necessary journal entries, when partners decided to retain goodwill in the business.

Abhay and Sumant are partners sharing profit in the ratio of 2:1. Aakriti was admitted for 1/4 share, half of which was given by Abhay and the remaining was contributed by Sumant. The goodwill of the firm is valued at Rs. 40,000. How much of the goodwill will be credited to the old partner's capital account?

At the time of admission of a new partner, general reserve appears in the old balance sheet is transferred to:

X and Y are partners in a firm sharing profits in the ratio of 3:2. They admitted Z as a new partner for 1/4 share. The new profit sharing ratio between X and Y will be 2:1. Calculate their sacrificing ratio.

The amount of premium for goodwill brought in by the new partner is shared by the existing partners in their:

A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively, It is agreed that partners' capitals should be according to the new profit sharing ratio. A's Capital in the new firm will be:

Select the factors affecting the value of goodwill-

(A) Nature of business.

(B) Efficiency of management.

(C) Location.

(D) Prices.

Choose the correct answer from the options given below: