Balance Sheet of A, B & C as on 31st March, 2025

Liabilities	Amount	Assets	Amount
Creditors	11,000	Buildings	20,000
Reserve Fund	6,000	Machinery	30,000
A Capital 30,000		Stock	10,000
B Capital 25,000		Patents	11,000
C Capital 15,000	70,000	Debtors	8,000
		Cash	8,000
Total	87,000	Total	87,000

C retires and following revaluations took place.

Patents be valued at Rs.8,000; Machinery at Rs.28,000; and Buildings at Rs.25,000.

Find Revaluation Profit/Loss

X, Y and Z are partners in the ratio of $\frac{1}{2}:\frac{2}{5}:\frac{1}{10}$. What will be the new ratio of the remaining partner if X retires?

A, B and C are partners sharing profits in the ratio 2:2:1. B retires from the firm. After making all adjustments relating to revaluation, goodwill and accumulated profit etc., the capital account of A, B and C showed a credit balance of ₹60,000; ₹70,000; and ₹50,000 respectively. It was decided that the amount payable to B will be brought by A and C in such a way as to make their capitals proportionate to their profit sharing ratio. Calculate the amount to be brought in by A and C.

On retirement/death of a partner, the remaining partners who have gained due to change in profit sharing ratio should compensate the :

Section 49, of the Indian Partnership Act 1932, deals with

Which of the following item is deducted for a sum due to a legal representative of a deceased partner?

R, S and K are partners sharing profits in the ratio 4:3:2. R retires; S and K decided to share profits in future in the ratio of 5:3. Calculate the Gaining Ratio.