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 :
A, B and C are partners sharing profits and losses I the ratio of $1/2, 3/10$ and $1/5$, B retires from the firm, A and C decide to share the future profits and losses in $3: 2$, Calculate gaining ratio.

Question 3 :
A, B and C share profits in the ratio of $4/9, 1/3$ and $2/9$. B retires. The new ratio, if A purchases B's share, will be __________. 

Question 4 :
Deepak, Farukh and Lilly were partners in a firm sharing profits in the ratio of $3 : 2 : 1$. On $28.2.2015$ Farukh retired from the firm. On Farukh's retirement there was a balance of $Rs 12,000$ in Workmen's Compensation Reserve which was no more required. On Farukh's retirement this amount will be:

Question 5 :
A and B are partners sharing profits and losses in the ratio 5 : 3. They admitted C and agreed to give him 3/10th of the profit. What is the new ratio after C's admission?

Question 6 :
A and B are two partners sharing profits in the ratio of $3: 2$. They admit C into partnership as a partner. A gives 1/3rd of his share while B gives $1/10$th from his share. The new profit sharing ratio will be __________. 

Question 7 :
Which of these is an essential qualification to be a partner of a firm?

Question 8 :
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 9 :
X, Y, Z are partners sharing profits in the ratio $3:4:3$ Y retires, and X and Z share his profits in equal ratio. Find the new ratio of X and Z.

Question 10 :
A, B and C are partners sharing profits in the ratio of $1/2, 1/3$ and $1/6$. B retires. A and C decide to share future profits in the ratio of $3: 2$. The gaining ratio will be ______. 

Question 11 :
The rate of underwriting commission payable on the issue of shares should not be more than _____.

Question 12 :
A and B are partners with capitals of Rs. 13,000 and Rs. 9,000 respectively. They admit C as a partner with the 1/5th share in the profits of the firm. C brings Rs. 8,000 as his capital. The amount of goodwill is _________. 

Question 13 :
A,B, and C are three partners sharing profit and loss in the ratio of 4:3:2. A retires and B and C decides to share future profit in the ratio of 2:1. Find the gaining ratio.

Question 14 :
<span>X&#160;and Y are sharing profits and losses in the ratio of 3 :2. Z is admitted with&#160;1/5th share in profits of the firm which he gets from X. Now the new profit&#160;sharing ratio among X, Y and Z will be _________.</span>

Question 15 :
X, Y, Z are equal partners in a firm. Z retires from the firm. The new profit sharing ratio between X and Y is $1:2$. Find the gaining ratio.

Question 16 :
A, B, C are partners sharing profits and losses in the ratio of 4/9: 1/3: 2/9. B retires and surrenders 1/9th from his share in favour of A and remaining in support of C. The new profit sharing ratio will be ______.&#160;

Question 17 :
A &amp; B are equal partners. They admit C and D as partners with $1/5$th and $1/6$th share respectively. What is the profit sharing ratio of all the partners?

Question 18 :
At the time of entry of a new partner no money is paid toward goodwill by the new partner. It is&nbsp;

Question 19 :
A, B and C are partners sharing profits in the ratio of $1/2, 2/5$ and $1/10$. B&#160;retires and his share is taken up by A and C in the ratio of $1 : 5$. The new profit sharing ratio of A and C will be __________.

Question 21 :
Calculate the goodwill for 3 years of purchase on the average profit basis.<br/><table class="wysiwyg-table"><tbody><tr><td>year<br/></td><td>2014<br/></td><td>2015<br/></td><td>2016<br/></td><td>2017<br/></td></tr><tr><td>profit<br/></td><td>50000<br/></td><td>60000<br/></td><td>80000<br/></td><td>30000<br/></td></tr></tbody></table><br/>

Question 23 :
Incoming partner agree that, _______ account be raised in the books of the firm by giving the necessary credit to the old partners for their sacrifice.<br/>

Question 24 :
A and B are partners sharing profits and losses in the ratio of $3: 2$. They admit C into the partnership for one-fourth share of the profits while A and B as between themselves are sharing profits &amp; losses equally. The new profit sharing ratio will be _______.&#160;

Question 25 :
A &amp; B are partners having capital of Rs 29,000 &amp; 15,000. Reserve shown in balance sheet was Rs 10,000. C is admitted&nbsp;as a new partner introducing a capital of Rs 21,000. New profit sharing ratio is 5:3:2. Profit on revaluation of assets &amp; liabilities were Rs 5,000. C is to bring premium for goodwill in cash. Goodwill amount being calculated on the basis of C's share in the profits and capital contributed by him. Premium for goodwill to be brought in new partner C should be&nbsp; ............

Question 26 :
On $1$st April, $2014$ on the admission of a new partner, it is agreed that goodwill of the firm is valued at $2$years purchase of weighted average profits for the $3$ years. The profits for last $3$ years have been as follows:<br><table class="wysiwyg-table"><tbody><tr><td>Year ended</td><td>Profits</td><td>Weight</td></tr><tr><td>$31$st March $2011$</td><td>$45,000$</td><td>$1$</td></tr><tr><td>$31$st March $2012$</td><td>$52,500$</td><td>$2$</td></tr><tr><td>$31$st March $2013$<br></td><td>$72,000$</td><td>$3$</td></tr></tbody></table><br>Value of goodwill will be