Champa, Roma and Sunakshi are partners sharing profits in the ratio of 5:3:2. Roma retires, the new profit sharing ratio between Champa and Sunakshi will be 1:1. The goodwill of the firm is valued at Rs. 4,00,000, Roma's share of goodwill will be adjusted:

X, Y and Z are partners sharing profits in the ratio of 4 : 3 : 2. Y retires and his capital after making adjustments for reserves and profits on revaluation stands at Rs 92,800. X and Z agreed to pay him Rs 1,00,000 in full settlement of his claim. Find the amount of goodwill of the firm.

The retiring partner is entitled to his share of goodwill at the time of retirement because goodwill has been earned by the firm through the efforts of all existing partners. If goodwill does not appear in the firm's books of accounts, the correct journal entry for treatment of goodwill in this case is:

P, Q and R share profits equally. At the time of P's retirement, goodwill appears in the books at Rs. 3000. P will be debited with _____ amount for Goodwill share.

A, B and C were partners in a firm sharing profits in the ratio of 5:3:2. On March 31, 2025, the balance sheet showed capital balances of Rs. 30,000; Rs. 25,000; and Rs. 15,000 for A, B and C respectively. A died on 1st October 2025. It was agreed between his executors and the remaining partners that interest on capital be provided at 10% p.a. Calculate interest on A's capital.

From the following options, select the deductions to be made from the share of a partner at the time of his/her retirement.

(A) Debit balance of his current account

(B) Share of goodwill to be written off

(C) Share of accumulated losses

(D) Share of loss on revaluation of assets and liabilities

Choose the correct answer from the options given below:

The outgoing partner's account is settled as per the terms of partnership deed. However, in the absence of any agreement, Section 37 of the Indian Partnership Act, 1932 is applicable, which states that the outgoing partner has an option to-