Q1. X,Y and Z are partners sharing profits in the ratio of 7:5:8. Z died on 30th Nov, 2005 and profits for for the year are 4,80,000. Calculate Z's share in profits. {pls provide solution}
Q2. A,b and C are the three partners sharing profit and loss in the ration of 1:2:3 and their capitals are 50,000, 1,00,000 and 1,50,000 respectively. The balance in reserve stood at 20,000 and goodwill is valued at 10,000. Calculate the amount to be paid to B by the firm.{pls provide solution}
Q3. A and B share profit and losses in ratio of 5:3. P is admitted as the new partner equally. Calculate the new profit sharing ratio.{pls provide solution}
Q4. P and Q share profit and losses in ratio of 3:2 and their respective capitals are 1,20,000 and 54,000. C is admitted for 1/5th share and brings 1,20,000 as his share of capital.Calculate the amount to be refunded to A.{pls provide solution}
Q5. A,B and C are partners in ration of 3:2:1. They agree to take D in the firm . A,B and C agree tot ake 1/3rd, 1/6th and 1/9th share respectively. Calculate share of D in profits.{pls provide solution}
I am having doubts with these questions. Please answer them.
Thank you
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