Capital employed by a partnership firm is Rs. 15,00,000. Its average profit is Rs. 1,80,000. The normal rate of return in similar type of business is 10%. What is the amount of super profits?

At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:

Charvi and Varun are partners in a firm sharing profits in the ratio of 4:1. They admitted Bhumika as a new partner for 1/4 share in the profits, which is acquired wholly from Charvi. Determine the new profit sharing ratio of the partners.

Provision for Doubtful debts to be shown in Revaluation Account :

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

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:

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.