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 :
<span>Ram of Bombay sends out goods costing 80,000 to Mohan of Kanpur so as<br/>to show 20% profit on invoice value. 3/5th &#160;of the goods received by consignee is sold at 5% above invoice price. The amount of sale value will be:</span>

Question 3 :
A and B are partners sharing profits and losses in the ratio of $3: 2$. They admit C into the partnership for $1/4$th share. C brings in $Rs.6,000$ for capital and the requisite amount of premium in cash. The goodwill of the firm is valued at $Rs.9,600$. Partners withdrew their share of goodwill in cash. A and B withdrew&#160; ________.&#160;

Question 4 :
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 _________.&#160;

Question 5 :
The _______ is paid to new partner if his share of profit as per the profit sharing ratio is less then the guaranteed amount <br/>

Question 6 :
Profit or loss on revaluation of assets and liabilities&#160;is distributed in the __________ ratio.

Question 7 :
Goodwill of a firm of partners A and B is valued at $Rs, 50,000$. A and B share profits in the ratio of $3 : 1$ and C is admitted for $1/5^{th}$ share. If C does not bring goodwill in cash and also goodwill account is not to be raised, what adjustment entry should be passed?

Question 8 :
R admitted as a new partner for one-fourth share of future profits, fails to bring in cash of $Rs. 20,000$ towards goodwill, but the existing (old) partners S and T, sharing profits in the ratio of $3 : 2$, raised the goodwill account at its full value. Therefore, the partners will be credited for goodwill as _________.&#160;

Question 10 :
A and B are partners sharing profits in the ratio of $4: 1$. C is admitted for $1/4$th share in profits which he acquires wholly from A. The new profit sharing ratio will be _________.&#160;

Question 11 :
R &amp; S are in partnership sharing profit and losses at the ratio $3:2$. They take T as a new partner. Calculate the new profit sharing ratio, if T simply gets $1/10$th share of profit.