Karan, Vinoth and Vinay are Partners sharin profits in the ratio of 3:2: 1. Karan retires and the new profit sharing ratio between Vinoth and vinaya is 2:3. Calculate the gaining ratio?

Kalai, Iothi and Mala are partners sharing profits and losses in the ratio of 113, 113 and 116 respectively.
Mala retires and her share is taken up by Kalai and [othi equally. Find out the new profit sharing ratio and gaining ratio

Priya, Latha, and Kalai are partners sharing profits and losses in the ratio of 3:2:1 respectively. Priya died on 31^st December, 2018 Final amount due to her showed a credit balance of Rs.1,20,000. Pass journal entries if
(a) The amount due is paid off immediately,·
(b) The amount due is not paid immediately,
(c) Rs.80,000 is paid and the balance in future.

Mukil, Mohit and Sonu are partners sharing profit in the ratio 3:2: 1. Mukil retires from the partnership.
In order to settle his claim, the following revaluation of assets and liabilities was agreed upon:
(i) The value of Machinery is increased by Rs. 25,000.
(ii) The value of Investment-is-increased by Rs 2,000.
(ill) A Provision for outstanding bill standing in the books at Rs.1,000 is now not required.
(iv) The value of Land and Building is decreased by Rs.12,000.
Give journal entries and prepare Revaluation account

Thangamuthu, Anaimuthu and Vairamuthu are partners sharing profit and loss in the ratio of 3:3:2.
Thangamuthu wanted to retire on 1st June 2018, the firms books showed a general reserve of Rs.40,000. Pass entry.

Surya, Ramesh and Rajesh are partners sharing profits is the ratio of 5:3:2. Ramesh decided to retire. Goodwill of the firm is to be valued at Rs.40,000. Give journal entries if
(a) There is no goodwill in the books of the firm,
(b) the goodwill appears at Rs.30,000
(c) the goodwill appears at Rs. 50,000

Selvam, Saravanan and Santhosh were partners of a firm sharing profits and losses in the ratio of 3: 2 : 1. Set out below was their balance sheet as on 31't December 2018.

Selvam retired from the partnership on 1^st January 2019 on the following terms:
(i) Goodwill of the firm was to be valued at Rs.30,000
(ii) Assets are to be valued as under stock Rs.30,000 plant and machinery Rs.40,000; Buildings Rs.1,00,000
(iii) A provision for doubtful debts be created at Rs.1,000
(iv) Rs.21,500 was to be paid to Selvam immediately and the balance was transferred to his loan account.
Show revaluation account, capital accounts, bank account and the balance sheet of the reconstituted Partnership.

A, B, and C are partners in affirm sharing profits and losses equally. Their balance sheet as on 31^st 1March 2018 is as follows

'C' Retired on 31st March 2018 Subject to the following conditions
(i) Machinery is valued at Rs.1,30,000
(ii) Value of office equipment is brought down by Rs. 2,000
(iii) Provision for doubtful debts should be increased to Rs.3,000
(iv) Investment of Rs..25,000 not recorded in the books is to be recorded now. Pass necessary journal entries and prepare revaluation account and capital account of partners

Shankar, Saleem and Pandian are partners, sharing profits in the ratio of 3:2:1. Their balance sheet as an  31^st December 2018 is as under

On 1.1.2019, Pandiyan died and on his death the following arrangements are made:
(i) Stock to be depreciated by 10 %
(ii) Land is to be apprecia!.e4. by Rs.11,000
(iii) To provide 3,000 for bad debts
(iv) The final amount due to Pandiyan was not paid
Prepare revaluation account, partner's capital account and the balance sheet of the firm after death

A, B and C were partners sharing ratio 6 : 2 : 2 Balance sheet as on 30.6.2014.

On that date: 'c' retires, from the business. It is agreed to adjust the values of the assets as follows:
a) Provide a reserve of 5% on Sundry debtors.
b) Depreciat Stock by 5% & machinery by 10%.
c) Building to be revalued at Rs. 75,000. Prepare revaluation Capital Account, and Balance sheet.

Sankar, Sekar and Sarathi were partners of a firm sharing profits and losses in the ratio 3 : 2 : 1. As sarathi wanted to retire, they decided to revalue their firm's assets and liabilities as indicated below:
(a) To increase the valpe of building by Rs. 33,000,
(b) To bring into record at Rs. 6,000 investments which have not o far been brought into account.
(c) To decrease stock by Rs. 3,000 and furniture by Rs. 1,500.
(d) To write off sundry creditors by Rs. 1,500
Pass the necessary journal entries and show the revaluation account.

Ramu, Somu and Gopu were partners of a firm sharing profit and losses in the  ratio 5 : 3 : 2. On 1^st January 2005, a Gopu wanted to retire, they decided to revalue their firms assests ad liabilities as indicated below.
(a) Increase the value of premises by Rs. 30,000.
(b) Depreciate stock, furniture and machinery by Rs. 10,000, Rs. 5,000 and Rs. 23,000 respectively.
(c) Provide for an outstanding liabilities of Rs. 2,000
Pass journal entries and revaluation-account in the books of the firm to carryout the above decision of its partners.

C, D and E were partners of a firm sharing profit and loss in the ratio of 5 : 3 : 2. As D wanted to retire they decided to revalue their firms assets and liabilities as indicated below:
(a) To bring into books unrecorded investments Rs. 3,000
(b) To write off Rs. 4,000 from Sundry Creditors.
(c) To write down machinery by Rs. 1,000 and Furniture by Rs. 2,000
(d) Good will of the firm by raised in its books at Rs. 15,000
Pass Journal entries and prepare revaluation account.

Charles, Muthu and Sekar are partners, sharing profits in the ratio of 3 : 4: 2. Their balance sheet as on 31st December, 2018 is as under:

On 1.1.2019, Charles retired from the partnership sirm on the following arrangements: 
(i) Stock to be depreciated by 10%.
(ii) To provide Rs.1,300 for bad debts.
(iii) The final amount due to Charles was paid immediately.
Prepare revaluation account, partner's capital account and the balance sheet of the firm after retirement.