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

Vijay and Manohar share profits and losses in the ratio of 2:1. They admit Prakash as a partner with 1/4 share in profits with a guarantee that his share of profit will be at least Rs. 50,000. The net profit of the firm for the year ending March 31, 2015, was Rs. 1,60,000. Calculate the amount of profit Vijay will get.

Arrange the following steps in sequence for calculation of goodwill using Super Profit Method.

A. Calculate the average profit.

B. Calculate the normal profit on the firm's capital on the basis of the normal rate of return.

C. Calculate the super profits by deducting normal profit from the average profits.

D. Calculate goodwill by multiplying the super profits by the given number of years' purchase.

Choose the correct answer from the options given below:

Anil and Bharat are partners in a firm with capitals of Rs. 18,00,000 and Rs. 12,00,000 respectively. Normal rate of return is 15% and goodwill calculated at 2 years' purchase of super profits is valued at Rs. 6,00,000. The average profits of the firm would be:

Which of the following needs no adjustments in the books of firm at the time of admission of a new partner?

Which of the following is not one of the method of valuation of goodwill?

The profits of firm for the five years are as follows:

Calculate the value of goodwill on the basis of four years' purchase of average profits.