Partnership

Admission

Medium

common

Navya and Nitya are partners sharing profits in the ratio of 3:2 with capitals of Rs. 1,00,000 and Rs. 50,000 respectively. Hardik is admitted for 1/5 share in profits. The amount that Hardik will contribute as capital is ________

Rs. 50,000

Rs. 35,000

Rs. 37,500

Rs. 60,000

✅ Correct Option: 3

Combined capital of old partners $= 1,00,000 + 50,000 = 1,50,000$ , which represents their remaining share of $4/5$ . Total capital of the firm $= 1,50,000$ multiplied by $5/4 = 1,87,500$ . Hardik's capital for $1/5$ share $= 1,87,500 / 5 = 37,500$ .

2023: 28 May Shift 1

What is Amrita's share in workmen compensation fund ?

2025: 22 May Shift 1

The ratio in which the old partners agree to give their share of profit in favor of the incoming partner is called:

2025: 29 May Shift 2

Match List-I with List-II

List-I	List-II
(Items to be adjusted on admission)	(side of account.)
(A) Existing goodwill	(i) Debit of capital account.
(B) Increase in value of assets.	(ii) Debit of revaluation account.
(C) Decrease in value of assets.	(iii) Credit of revaluation account.
(D) New partner capital.	(iv) Credit of capital account.

Choose the correct answer from the options given below:

2026: 23 May Shift 2

Aman and Vimal are partners in a firm sharing profits and losses in the ratio of 3:2. They admitted Kamal into partnership for 1/4 share in profits. Kamal brings in Rs. 50,000 for capital and the requisite amount of premium in cash. The goodwill of the firm is valued at Rs. 30,000. The new profit sharing ratio is 2:1:1. The premium brought in by Kamal will be shared between Aman and Vimal in following.

2025: 15 May Shift 1

Arrange the following regarding admission procedure in the correct sequence.

(A) Giving share to the new partner.

(B) Treatment of Goodwill

(D) Preparation of Revaluation A/c

(E) Preparing Partner's Capital A/c and Balance Sheet

Choose the correct answer from the options given below:

2025: 22 May Shift 2

Goodwill can also be ascertained by capitalising the super profit directly under which method?

Navya and Nitya are partners sharing profits in the ratio of 3:2 with capitals of Rs. 1,00,000 and Rs. 50,000 respectively. Hardik is admitted for 1/5 share in profits. The amount that Hardik will contribute as capital is ________

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