The steps involved under calculation of goodwill using Super Profit method are following. Arrange them in the correct order.

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

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

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

D. Calculate the average profit.

Choose the correct answer from the options given below.

Sometimes, at the time of admission, the partners agree that their capitals should also be adjusted so as to be proportionate to their profit sharing ratio (if the capital of the new partner is not given). Arrange the following steps in a correct sequence.

(A) Ascertain combined capital of old partners after all adjustments like interest on capital, salary etc.

(B) Ascertain new capital of all partners

(C) Ascertain necessary amount to cover the shortage and withdraw the excess amount of capital of partners

(D) Ascertain total capital of the firm on the basis of combined capital of old partners

Choose the correct answer from the options given below:

At the time of admission of a new partner, in case there is no workmen's compensation claim, the total amount of workmen's compensation fund will be :-

Any firm that earns normal profits or is incurring losses has ____________.

Match List-I with List-II

Choose the correct answer from the options given below:

"At the time of admission of a partner, provision for doubtful debts is found to be in excess."

Record this in the books of the firm.

Usha and Disha are partners sharing profits in the ratio of 2:1. Usha's son Ashish was admitted for 1/4th share of which 1/8th was gifted by Usha to her son and the remaining was contributed by Disha. The goodwill of the firm is valued at Rs. 40,000. How much of the premium for goodwill will be credited to the old partners' capital account in case of admission of Ashish.