Match List-I with List-II

List-I	List-II
(A) Average Profits × 100/Normal Rate of Return	(I) Normal Profit
(B) Firm's Capital × Normal Rate of Return/100	(II) Goodwill
(C) Total Profit /No.of years	(III) Capitalised value of average profits
(D) Super Profits × 100 /Normal Rate of Return	(IV) Average Profit

Choose the correct answer from the options given below:

A, B and C are partners in a firm sharing profits in the ratio of 3:2:1. D is admitted into the firm for 1/4 share in profits. The total capital of the firm is agreed upon as Rs. 2,40,000 and D is to bring in cash equivalent to 1/4 of this amount as his capital. The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits.The capitals of A, B and C after all adjustments are Rs. 80,000, Rs. 70,000 and Rs. 60,000 respectively. Calculate the new capitals of A, B and C.

At the time a new partner is admitted, revaluation of assets and liabilities is made for the:

The New Profit Sharing Ratio in this case is:

A and B share profits in the ratio of 3:2. C was admitted as a partner who gets 1/5 share. New profit sharing ratio, if C acquires 3/20 from A and 1/20 from B, would be:

Shubham and Gill are partners in a firm sharing profits in the ratio of 5:3. They admit Hardik as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. What will be the sacrificing ratio of Shubham and Gill?

Which among the following is NOT true for New Profit Sharing Ratio: