Question 1 :
Profit or loss on revaluation of assets and liabilities is transferred to __________.

Question 2 :
When the incoming partner brings in his share of premium for goodwill in cash, it is adjusted by crediting to ____________ .

Question 3 :
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 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&#160;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 :
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 7 :
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 __________.&#160;

Question 9 :
A third party with whom a partner has agreed to share the profit accruing to him from a partnership is known as _________.<br/>

Question 10 :
A and B are partners sharing profits in the ratio of <span class="MathJax_Preview"></span><span class="MathJax"><span class="math"><span><span class="mrow"><span class="mn">2<span class="mo">:</span><span class="mn">1</span></span></span></span></span><span class="MJX_Assistive_MathML">2:1</span></span>. C is admitted for $1/5$th share. The new profit sharing ratio will be _________.<br/>

Question 12 :
Rohit and Mohit are partners in a firm sharing profits in the ratio 5:3. They admit Bijoy as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of Rohit and Mohit will be:

Question 13 :
A, B &amp; 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 &amp; C if B gives his share to A &amp; C in the original ratio of A &amp; C.

Question 14 :
Decrease in assets at the time of retirement of partner is _________.

Question 15 :
P,Q and R share profit and losses in the ration of $4:3:2$ respectively. &#160;Q retires and P and R decided to share future profits and losses in the ratio of $5:3$. Then immediately H is admitted of $3/10$ shares of profits half of which was gifted by P an remaining shares was taken by H equally form P and R. Calculate the new profit sharing ratio after H' admission and gain ratio of P and R.