(i) A, B and C share profits and losses in the ratio of 1//2,1//3and 1//6 respectively . D ,a new partner , is given 1//8th share . Then new profit - sharing ratio will be __________.(ii)The ratio in which the old partners are surrendering their share of profit in favour of the new partner is called ____________.(iii) Calculation of sacrificing ratio is necessary when the new partner will bring ________ in cash.(iv) The capital balance of A and B are Rs.25,000 and Rs. 20,000 respectively after making all the adjustments . If C, the incoming partner , is to bring 1//3rd of the total capitalof the firm , then his share of capital will be _________.(v) For any decrease in the value of liability , the Revaluation Account is _________.(vi) C, the incoming partner , is to bring Rs. 6,000 as goodwill for1//5th share in the firm's profit . Total goodwill of the firm will be _________.(vii) investment Fluctuation Reserve is a reserve set aside out of profit to adjust the difference between _________and __________ of investments.(viii) In case of admission of a new partner , the Accumulated Profits Reserve Losses and Fictition Assets should be transferred to ______________ Partner's Capital / Current Accounts in their __________ Profits- sharing ratio.(ix) If goodwill is appearing in the Balance Sheet at the time of admission of a new partner , the existing goodwill is written - off among _____________ partner in ___________ratio.

(i) A, B and C share profits and losses in the ratio of 1//2,1//3and 1

1.	(i) A, B and C share profits and losses in the ratio of 1//2,1//3and 1//6 respectively . D ,a new partner , is given 1//8th share . Then new profit - sharing ratio will be __________.(ii)The ratio in which the old partners are surrendering their share of profit in favour of the new partner is called ____________.(iii) Calculation of sacrificing ratio is necessary when the new partner will bring ________ in cash.(iv) The capital balance of A and B are Rs.25,000 and Rs. 20,000 respectively after making all the adjustments . If C, the incoming partner , is to bring 1//3rd of the total capitalof the firm , then his share of capital will be _________.(v) For any decrease in the value of liability , the Revaluation Account is _________.(vi) C, the incoming partner , is to bring Rs. 6,000 as goodwill for1//5th share in the firm's profit . Total goodwill of the firm will be _________.(vii) investment Fluctuation Reserve is a reserve set aside out of profit to adjust the difference between _________and __________ of investments.(viii) In case of admission of a new partner , the Accumulated Profits Reserve Losses and Fictition Assets should be transferred to ______________ Partner's Capital / Current Accounts in their __________ Profits- sharing ratio.(ix) If goodwill is appearing in the Balance Sheet at the time of admission of a new partner , the existing goodwill is written - off among _____________ partner in ___________ratio.
Answer» Solution :[(i) `21 : 14 : 7 : 6`; (ii) sacrificing ratio ; (III) premium for goodwill; (iv) Rs. 22,500; (v) CREDITED ; (VI) Rs. 30,000; (vii)book value , market value ;(viii) old, old ; (ix) old, old.]

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