Question 1 :
X,Y and Z are partner sharing profits in the ratio of $5:3:2$. If $Y$ retires then the new ratio will be______.
Question 2 :
When the incoming partner brings in his share of premium for goodwill in cash, it is adjusted by crediting to ____________ .
Question 3 :
A,B, C and D are four partners in a firm sharing profits and loss in the ratio of 18:15:18:3, D retires from the firm and his share of profit is purchased by the remaining partners A,B and C as 1/54,1/54 and 1/54.<br/>What is the gaining ratio remaining partners?
Question 4 :
On the admission of a new partner, the decrease in the value of assets is debited to:<br/>
Question 5 :
Profit or loss on revaluation of assets and liabilities is transferred to __________.
Question 6 :
When a goodwill account is raised at the time of admission of a new partner then credit is given to the old partners in their:<br/>
Question 7 :
Which of these is not found in case of retirement /death of a partner?
Question 8 :
$A$ and $B$ sharing profits and losses in the ratio of $2/3^{rd}$ and $1/3^{rd}, admit $ C as a partner giving him $1/4^{th}$ share. The new profit-sharing ratio will be :
Question 9 :
A, B & C share profits and losses in the ratio of $1:1:1$. B retired from business and his share is purchased by A & C in $40:60$ ratio. New profit sharing ratio between A & C would be ________.
Question 10 :
Increase in liability at the time of retirement of a partner is _________.
Question 11 :
X, Y and Z have been sharing profits and losses in the ratio of $3 : 2 : 1$. Z retires. His share is taken over by X and Y in the ratio of $2 : 1$. The new profit sharing will be _________. 
Question 12 :
A, B and C share profits as $1/2$ to A,$1/3$ to B, $1/6$ to C. B retires, and his share is taken up by A and C in the ratio of $1 : 3$. The new profit sharing ratio will be ________. 
Question 13 :
A, B & C partners sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. Calculate the new profit sharing ratio of A & C if B gives his share to A & C in ratio of 3:1.
Question 14 :
A,B and C are three partners sharing profit and loss in the ratio of 3:2:1. B retire from the firm.If B's share of profit is purchased by C. What will be new profit sharing ratio? 
Question 15 :
A, B & C Care the partners sharing profits and losses in the ratio $2:1:1$. Firm has a joint life policy of $Rs.1,20,000$ and in the balance sheet it is appearing at the surrender value i. e. $Rs.20,000$. On the the death of A, how this JLP will be shared among the partners? 
Question 16 :
A, B & C partners in a firm sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. Calculate the new profit sharing ratio of A and C if B gives his share to A only.
Question 17 :
As per provisions of the Partnership Act, executor is entitled to interest at ____% on the final amount due to the deceased partner.
