Question 1 :
When the incoming partner brings in his share of premium for goodwill in cash, it is adjusted by crediting to ____________ .
Question 2 :
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 3 :
'Samta Limited invited applications for issuing $6,750$ equity shares of $Rs 10$ each. The amount was payable as follows : On application - $Rs 3$ per share <br>On allotment - $Rs 5$ per share <br>On first and final call - $Rs 2$ per share <br>The issue was fully subscribed. Subhash applied for $250$ shares and paid his entire share money with application. Moti applied for $175$ shares and paid allotment money also with application. The amount received with applications was :<br>
Question 4 :
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 5 :
On the admission of a new partner, the decrease in the value of assets is debited to:<br/>
Question 6 :
Profit or loss on revaluation of assets and liabilities is transferred to __________.
Question 7 :
A, B and C are partners sharing profits in the ratio of $4 : 3: 2$. B retires. A and C decide to share profits in the future in the ratio of $5 : 3$. The gaining ratio will be _______. 
Question 8 :
A and B are partners sharing profits in the ratio of $7 : 3$. A surrenders $1/7$th of his share and B surrenders $1/3$rd of his share in favour of C, a new partner. The new profit sharing ratio and sacrificing ratio will be _________. 
Question 10 :
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 11 :
A & B are partners sharing profit & losses in the ratio of 3:2. They take C as a partner for 1/4th share. Calculate future profit sharing ratio.
Question 12 :
A, B & C partners in a firm sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. B gives his share to A & C in ratio of 3:1. What is the gain ratio?
Question 13 :
A, B & C are sharing profits in 4:3:2 ratio. B retires. If A & C shares profits of B in 5:3, then find the new profit sharing ratio.
Question 14 :
X, Y & Z are partners sharing profits and losses in the ratio of 3:2:1. Y retired from the firm. New profit sharing ratio between X & Z is 5:3. What is the gain ratio of the partners X & Z?
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 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.
