Amol and Bimal are partners in a firm. Their capitals are Rs. 1,08,000 and Rs. 72,000 respectively. They admitted Chaman for 1/3 share in profits. Chaman brought proportionate amount of capital. The Capital brought in by Chaman would be?

Profits made on Revaluation of Assets and Reassessment of Liabilities is distributed among whom?

Arun and Anuj are partners sharing profits in the ratio of 2:1. Varun was admitted for 1/4 share, half of which was given by Arun and the remaining was contributed by Anuj. Goodwill of the firm is valued at Rs. 40,000. How much of the goodwill will be credited to old partners' capital account?

Mohit, Neeraj and Sohan are partners in a firm sharing profits in the ratio of 2 : 1 : 1. Neeraj retires and Mohit and Sohan decided that the capital of the new firm will be fixed at Rs. 1,20,000 and D is to bring in cash equivalent to 1/4th of this amount as his capital. The capital accounts of Mohit and Sohan show a credit balance of Rs. 82,000 and Rs. 41,000 respectively after making all the adjustments. Calculate the actual cash to be paid off or to be brought in by the continuing partners in total-

Find out gain or loss of Revaluation A/c from the given information:

1. The fixed assets should be valued at Rs. 3,31,000 (book value Rs. 2,80,000).
2. A provision of 5% on sundry debtors be made doubtful debts (Debtors amounted to Rs. 90,000).
3. The value of stock be reduced to Rs. 1,12,000 (book value 1,90,000).

A newly admitted partner acquires two main rights in the firm. Which of the following right is included in them?

C will withdraw the capital amount after capital are adjusted in the ratio of their respective shares in profits. The amount is: