Match the LIST-I with LIST-II

LIST-I		LIST-II
A.	Incoming partner brings his share of goodwill and is retained by the old partners in business	I.	No Entry
B.	Incoming partner does not bring his share of goodwill	II.	Premium for Goodwill A/c Dr., Incoming Partner's Current A/c Dr., To Sacrificing Partners' Capital A/c
C.	Incoming partner pays his share of goodwill privately	III.	Premium for Goodwill A/c Dr., To Sacrificing Partners' Capital A/c
D.	Incoming partner brings only a part of his share of goodwill	IV.	Incoming Partner's Current A/c Dr., To Sacrificing Partners' Capital A/c

Choose the correct answer from the options given below:

Which of the following statements are correct in respect of goodwill?

(A) the present value of a firm's anticipated excess earnings

(B) the capitalised value attached to the differential profit capacity of a business'.

(C) goodwill exists only when the firm earns super profits

(D) Any firm that earns normal profits or is incurring losses also has goodwill.

Choose the correct answer from the options given below:

P, Q & R were partners sharing profit in the ratio 4:3:3. W was admitted to the partnership, bringing 1,00,000 capital and Rs. 24,000 as his share of Goodwill. Choose the correct entry for retaining of Goodwill brought in by W. W's share in profit was $\frac{1}{4}$th

At the time of admission of a partner, assets are revalued and assessment of the liabilities is also done so that these are brought in the books at their correct values. For this purpose:

Match the LIST-I with LIST-II

Choose the correct answer from the options given below:

The profit for the five years of a firm are as follows:

Calculate goodwill of the firm on the basis of 4 years purchase of 5 years average profits.

Usha and Disha are partners sharing profits in the ratio of 2:1. Usha's son Ashish was admitted for 1/4th share of which 1/8th was gifted by Usha to her son and the remaining was contributed by Disha. The goodwill of the firm is valued at Rs. 40,000. How much of the premium for goodwill will be credited to the old partners' capital account in case of admission of Ashish.