L and M are partners in a firm sharing profits and losses in the ratio of 7:3. They admit N on 3/7 share which has takes 2/7 from L and 1/7 from M. Calculate the new profit sharing ratio.

R and T are partners in a firm sharing profits in the ratio of 3:2. S join the firm , R giving him 1/4th of his share and T giving 1/5th of his share. Find the new profit sharing ratio of partners.

P and Q are partners in a firm sharing profits in the ratio of 7:5. They admit R as a partner in the firm. The new profit sharing ratio among P,Q and P,Q and R is 1:1:2. Calculate the sacrificing ratio.

On 1.3.2006 A and C admitted D into the partnership, their profit sharing ratio being 5:4:3 respectively. Assuming before admission, the profit sharing ratio of A and C was equal find the sacrifice ratio.

A and B are partners in a firm sharing profits and losses in the ratio of 3:2. They admit C into partnership for 1/5th share. C brings Rs.30,000 as capital and Rs.10,000 as goodwill. At the time of admission of C goodwill appears in the balance sheet of A and B at Rs.3,000. New profit sharing of the partners shall be 5:3:2. Pass necessary entries in the books of new firm.

A,B and C were partners in a firm sharing profit in the ratio of 5:3:2. On 1.4.2005 they admitted D as a new partner for 1/8th share in the profits of the firm. The new profit sharing ratio of A,B,C and D will be 3:2:2:1. On D's admission the goodwill of the firm was valued at Rs.2,40,000. D brought in cash Rs.1,75,000 for his share of capital. He also brought necessary cash as premium for his share of goodwill.

Calculate sacrifice/gain of A,B and C on D's admission. Also pass necessary journal entries for the above transactions in the books of the firm. Show your calculations clearly.

A and B were partners in a firm sharing profits in the ratio of 3:2. They admitted C and D as new partners. The new profit sharing ratio will be 2:2:1:1. C and D brought Rs.2,75,000 each for their respective capitals and also necessary amount of premium for goodwill in cash. Goodwill was valued at Rs.2,40,000 for the firm. Calculate sacrificing ratio of A and B and pass necessary journal entries for the above transactions in the books of the firm.

(a)Ashok and Ramu are partners respectively sharing profits in the ratio of 7:3. Their capitals on 1st January, 2015 were Rs.80,000 and Rs.60,000 respectively. They admitted Vijay into the partnership on that date giving him a 1/5th share in the future profits, which he acquired equally from Ashok and Ramu. Vijay is to bring in Rs.50,000 as his share of capital. Find the new profit sharing ratio. and value the goodwill of the firm.
(b)Record necessary journal entries on Vijay's admission from the above-mentioned transactions.

State any two circumstances in which sacrificing ratio may be applied.

Under what circumstances will the premium for goodwill paid by the incoming partner not be recorded in the books of accounts?

A and B are partners sharing profits in the ratio of 3:2. They admit C for a share which equals 20 paise in a rupee. Calculate new profit sharing ratio and sacrificing ratio.

A and B are partners sharing profits in the ratio of 5:3. They admit C for 1/4th share and agree to share future profits between them in the ratio of 2:1. Calculate new profit sharing ratio and sacrificing ratio.