General Reserve at the time of admission of a partner is transferred to ____________ .

In the absence of any agreement, it is presumed that the new partner acquires his share in profits from the old partners in the:

__________ is not essential requirement of a partnership. 

A and B are two partners sharing profit and loss equally. Their capital A/c stood at Rs.30,000 and Rs.25,000 respectively on 31st March, 2013. On 1st April C is admitted for 1/3rd share of profit for which he brings Rs.12,000 as his share of goodwill. On the date of his admission, stock was appreciated by Rs.11,000 and provisions for bad debts also increased by Rs.2,000. Old partners decided that C's capital should be in accordance with his share of profit sharing ratio, what adjustment will be done to make their capital in proportion to their profit sharing ratio?

A new partner may be admitted to partnership

X and Y are partners sharing profit in the ratio of 1: 1. They admit Z for 1/5th share who contributed 25,000 for his share of goodwill. The total value of the goodwill of the firm will be:

R admitted as a new partner for one-fourth share of future profits, fails to bring in cash of 5,000 towards goodwill but the existing (old) partners S and T, sharing profits in the ratio of 3 : 2, raise the goodwill account at its full value. Therefore the partners will be credited for goodwill as:

If, at the time of admission, some profit and loss account balance appears in the books, it will be transferred to _______________.

A and B are partners sharing the profit in the ratio $3:2$. They take C as the new partner, who is supposed to bring Rs. $25,000$ against capital and Rs. $10,000$ against goodwill. New profit sharing ratio is $1:1:1$. C is able to bring Rs. $30,000$ only. How this will be treated in the books of the firm?

Capital accounts of partner A & B are Rs.$30,000$ & Rs.$16,000$. They admitted C on the following conditions.
 -That C brings in Rs.$10,000$ as his capital for $1/4$th share in profits.
 -That a goodwill account be raised in the books of the firm at Rs.$15,000$
 -Profit on revaluation of assets & liabilities was Rs.$2,100$.
 -That the capital accounts of the partners be readjusted on the basis of their profit sharing ratio and any additional amount be debited or credited to their current accounts.
 -General reserve appearing in balance sheet at the time of admission of C was Rs.$6,000$.
To give effect to above current account of A & B  will be ________________.

H & M are partners in a firm sharing profits and losses in the ratio of 2:5. They admit K as a new partner who will get 1/6th share in the profits of the firm. Calculate new profit sharing ratio among H, M & K.

Capital accounts of partner A & B are Rs 30,000 & Rs 16,000, They admitted C on the following conditions.
  - That C brings in Rs 10,000 as his capital for 1/4th share in profits.
  - That a goodwill account be raised in the books of the firm at Rs 15,000.
  - Profit on revaluation of assets & liabilities was Rs. 2,100
  - That the capital accounts of the partners be readjusted on the basis of their profit sharing ratio and any additional amount be debited or credited to their current accounts.
  - General reserve appearing in balance sheet at the time of admission of C was Rs 6,000.
To give effect to above current account of A & B will be ......... 

A and B are partners of firm sharing profits in the ratio of 3:2 C was admitted for the 1/5th share of profit machinery would be appreciated by 105 ( book value Rs 80,000) and the building would be depreciated by 205 (Rs 2,00,000) unrecorded debtors of Rs. 1,250 would be bought to book and Creditor of Rs. 27,500 died and need not to pay anything . what will be the profit/loss in revaluation?

A firm has an unrecorded investment of Rs 5,000. Entry in the firms journal on an admission of a partner will ________.

Amit and anil are partners sharing profits in the ratio of 5:3 with a capital of Rs. 2,50,000 and Rs. 200,000. Atul was admitted and would pay Rs. 10,000 as capital and Rs. 16,000 as goodwill for 1/5th profit find the balance of capital accounts after the admission of atul ________.