Hemant and Nishant were partners in a firm sharing profits in the ratio of 3:2. Their capitals were RS.1,60,000 and RS.1,00,000 respectively. They admitted Somesh on 1st April, 2015 as a new partner for 1/5th share in the future profits. Somesh brought RS.1,20,000 as his capital. Calculate the value of goodwill of the firm and record necessary journal entries for the above transactions of Somesh's admission.

Vishu and Nishu were sharing profits and losses in the ratio of 2:1 respectively. They admitted Ishu for 2/7th share. The actual value of goodwill, however, on that date was RS.84,000. Ishu Cash RS.4,000, sundry debtors RS.20,000, stock RS.24,000, machinery RS.20,000.

Balance sheet of L and R who share profits and losses in the ratio of 3:2 as at 31st March, 2015 was
                                        Balance Sheet

They agreed to take K as a partner from 1st April, 2015 for 1/5th share in the profits of the firm. K brings in RS.6,000 as his capital. Give journal entries to record the goodwill.

Kia and Sia are partners sharing profits and losses in the ratio of 4:1. They agreed to admit Pia into in the partnership on 1st April, 2015 for 1/3rd share in profits. It was agreed that Kia, Sia and Pia would share profits in equally in future. Pia brought in RS.5,000 as goodwill (Premium) for her 1/3rd share in profits. Record the necessary journal entries in the books of the firm.
Identify the value being reflected by the new partner in contributing premium fo her share of goodwill.

Samiksha and Sameer are partners sharing profits in the ratio of 2:1. On 1st April, 2015, they admitted Saurabh as a partner for 1/6th share which he acquired in the ratio of 2:3 from them. On 1st April, 2016, they admitted Vishal as a partner for 1/4th share which he acquired equally from all the partners.
Calculate
(i) New profit sharing ratio after Saurabh's admission.
(ii) New profit sharing ratio after Vishal's admission.

Find out new profit sharing ratio and sacrificing ratio for each of the condition specified below
(i) Dinesh and Mahesh are partners in a firm sharing profits in the ratio of 4:3. Mukesh joins the business. Dinesh surrenders 1/4th of his share and Mahesh surrenders 1/3rd of his share in favour of Mukesh.
(ii) Kapil and Sidhu are partners in a firm sharing profits in the ratio of 2:1. Dhoni is admitted in the firm for 1/3rd share which he acquires 2/3rd from Kapil and 1/3rd from Sidhu.
(iii) Kamakshi, Divij and Ayaan are partners sharing profits in the ratio of 2:3:3 Lavanya is admitted for 2/5th share it is agreed that Kamakshi will retain her original share.
(iv) Ganga and Yamuna are partners in a firm sharing profits in the ratio of 2:1. Saraswathi and Narmada are admitted for 1/6th and 1/8th shares respectively.
(v) Kunal and Ranbir are partners who share profits in the ratio of 3:1 Katrina is admitted as a new partner for 1/5th share. Kunal and Ranbir decide that they will share future profits equally.

A and B are partners sharing profits in the ratio of 5:4. They admit C for 1/10th share, which he acquires in equal proportion from both A and B. Find new profit sharing ratio.

A, B and C are partners sharing 3:2:2 ratio. They admitted D as a new partner for 1/5th share which he acquired from A, B and C in 2:2:1 ratio respectively. Calculate new profit sharing ratio.

A and B share profits in the ratio of 5:3. The new partner gets 1/5th of A's share and 1/3rd of B's share Calculate new profit sharing ratio and sacrificing ratio.

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.