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.

Arrange the following steps for calculating Goodwill under Capitalisation of Average Profits Method in correct sequence-

(A). Ascertain the actual firm's capital (net assets) by deducting outside liabilities from the total assets.

(B). Compute the value of goodwill by deducting net assets from the capitalised value of average profits.

(C). Ascertain the average profits based on the past few years' performance.

(D). Capitalize the average profits on the basis of the normal rate of return to ascertain the capitalised value of average profits.

Choose the correct answer from the options given below:

Arrange the sequence of following important adjustments which require attention at the time of admission of a new partner.

(A) Valuation and adjustment of goodwill

(B) Balance sheet of Reconstituted firm

(C) Adjustment of partners' capital

(D) New profit sharing ratio and Sacrificing ratio

Choose the correct answer from the options given below:

If a new partner does not bring his share of goodwill in cash, the following treatment shall be made

Sometimes the value of Goodwill is not given at the time of admission/retirement of a partner. In such a situation, it has to be inferred from capital and profit sharing ratio. such Goodwill is called

Rate of Interest on loan given by Sanjeev will be:

At the time of admission, the new partner brings in additional amount in the form of goodwill. For what it is used for ?