Sheela and Neela were sharing profits in the ratio of 4:3. Kamala was admitted with 1/5th share in profits of business. Calculated the New profit Ratio and the sacrificing ratio.

Kokila and Mala were sharing profits in the ratio of 4:3. Chandra was admitted in the business as a partner with \(\frac{3}{7}\)th share in the profits of the firm which she takes \(\frac{2}{7}\) th from Kokila and \(\frac{1}{7}\) th from Mala. Find out New profit Ratio and the sacrificing ratio.

Eswari and Ranikumari are partners sharing profits and losses in the ratio of 7:5. They agree to admit Chitra into partnership. Eswari surrenders \(\frac{1}{7}\) th of her share and Ranikumari \(\frac{1}{5}\) th of her share in the favour of Chitrao Calculate the New profit ratio and the sacrificing ratio.

Kavitha and Radha are partners of a firm sharing profits and losses in the ratio of 4:3. They admit Deepa on 1.1.2019. On that date, their balance sheet showed debit balance of profit and loss account being accumulate loss
Rs. 1,40,000 on the asset side of the balance sheet. Give the journal entry to transfer the accumulated loss on admission.

Valluvan and Kamban were partners sharing profits and losses as 60% tovalluvan and 40% Kamban. Their balance sheet as at 1^st January, 2019 stood as under:

The partners agreed to admit Elangovan into the firm subject to revaluation of the following items:
(i) Stock was to be reduced by Rs. 4,000
(ii) Land and Buildings were to be valued at Rs. 1,60,000
(iii) A provision of 2\(\frac{1}{2}\)% was to be created for doubtful debtors.
(iv) A liability of  Rs.2,600 for outstanding expenses had been omitted to be recorded in the books
Prepare the Revaluation account, capital accounts and the Balance sheet after the above adjustment

M and G are partners sharing profit and losses ratio of 9 : 7. K is admitted as partner acquiies 3/16 of profit entirely from M. Calculate new profit sharing ratio and sacrificing ratio.

M and S are partners sharing profit & losses 7:3. K admitted as new partner. M surrennders 1/7 of his profit in favour of K and S surrenders 1/3^rd of his share in favour K. calculate new profit sharing ratio and sacrificing ratio.3

A and Bare partners sharing ratio 3:1. Their balance sheet as under.

'C' admitted into partner for 1/5 share.
(i) Building is Tevalued a Rs. 1,20,000
(ii) Plant is depreciated to 80%
(iii) Provision for Bad debt is made at 5%
(iv) Stock to revalued at Rs. 30,000
(v) 'C' introduve the capital Rs. 80,500.

Set out below is the balance sheet of Narayanan and Perumal sharing profits and losses equality as at-1^st - April 2005.

On that date they admit Palani into the firm subject to the following terms of revaluation.
(a) Stock and furniture are to be reduced in value by 10%.
(b) Building are to be appreciated by Rs. 15,000.
(c) A provision for doubtful debts to be increased to Rs. 1,500.
Prepare the revaluation account, capital accounts and the balance sheet after the above adjustment.

Sridevi and Cynthia were partners sharing profit and losses in the ratio 3: 2. They decided to admit Fathima into the partnership and revalue their assets and liabilities as indicated here under:
a) To bring into record investment of Rs. 18,000 which had not so far been recorded in the books of the firm.
b) To depreciate stock, furniture and machinery by Rs. 18,000 ; Rs. 6,000 and Rs. 30,000 respectively.
c) To provide for workmen's compensation of Rs. 24,000 .

Raman and Laxmanan were partners sharing profits and losses in the ratio of 4:3. In view of Velan's admission, the decided to revalue their assets and liabilities as indicated below :
a) To increase the value of buildings by Rs. 60,000
b) Provision for doubtful debts to be decreased by Rs. 800
c) To decrease machinery by Rs. 16,000,, furniture by Rs. 4,000 and stock by Rs. 12,000.
d) A provision for outstanding liabilities was to be created for Rs.800.Show the revaluation account.

M and G were partners sharing profit and losses in the ratio of 3: 2. They decided to admit L into the partnership and reduce their assets and liabilities as under :
a) To bring in record investment of Rs. 2,000 which had not so tar been recorded in the books of the firm.
b) To depreciate stock, furniture, machinery by Rs. 3,000; Rs.1,000 and Rs. 5,000 respectively.
c) A provision foi outstanding liabilities was to be created for Rs. 4,000.
Give Journal entries and show the revaluation account.

Valluvan and Kamban were partners sharing profits and losses as 60% to valluvan and 40% to Kamban. Their Balance sheet as at 1st January, 2005 stood as under.

The partners agreed to admit Elangovan into the firm Subject to revaluation of the following items. 
(i) Stock was to be reduced by Rs. 4,000
(ii) Land and buildings were to be value at Rs. 1,60,000
(iii) A provision of 2 112% was to be created for ·doubtful debtors.
(iv) A liability of 2,600 for outstanding expense had been omitted to be recorded in the books.
Prepare the revaluation account, capital amount and the balance sheet after the above adjustment. 

Geetha and Seetha were partners sharing profits and losses in the ratio of 2:1. Their balance sheet as at 31^st December 2004 stood as under.

on the above date, they decided to admit Latha subjed to following items of revaluation.
(a) To appreciate land and buildings by 20 %.
(b) To depreciate plant and machinery by: 5% and stock by 10%.
(c) To create for Rs. 3,000 for a claim against the firm for damages. 
Show revalual ion account and capital accounts of the firm after the adjustments.