Sita, Geeta and Meeta were partners in a firm sharing profits in the ratio of 7:6:7. Geeta retired and her share was divided equally between Sita and Meeta. Calculate the new profit-sharing ratio of Sita and Meeta.

Q. From the following particulars, calculate new profit-sharing ratio of the partners:
(a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari.
(b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm.

Q. For the following particulars, calculate new profit-sharing of the partners.
(a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of $5:5:4$. Mohan retired and his share was divided equally between Shiv and Hari.
(b) $P,Q$ and $R$ were partners sharing profit in the ratio of $5:4:1$. $P$ retires from the firm.

Q. Geeta, Sita and Meeta were partners in a firm sharing profits in the ratio of $5:3:2$. The firm closes its books on ${31}^{st}$ March every year. On $30-6-2015$ Geeta died. On that date her capital account showed a debit balance of Rs.$5,000$ and Goodwill of the firm was valued at Rs.$3,70,000$.
There was a debit balance of Rs.$12,000$ in the profit and loss account. Geeta's share of profit in the year of her death was to be calculated on the basis of the average profit of last $5$ years which was Rs. $80,000$.
Pass necessary journal entries in the books of the firm on Geeta's death.

Q.

Leela and Meeta were partners in a firm sharing profits and losses in the ratio of 5:3. On 1st April, 2014 they admitted Om as a new partner. On the date of Om's admission the balance sheet of Leela and Meeta showed a balance of Rs 1,60,000 in General reserve and Rs 2,40,000 (Cr) in Profit and Loss Account. Record necessary journal entries for the treatment of these items on Om's admission. The new profit sharing ratio between Leela, Meeta and Om was 5:3:2.

Q.

Leela and Meeta were partners in a firm sharing profits and losses in the ratio of 5:3. On Is Jan. 2017 they admitted Om as a new partner. On the date of Om’s admission the balance sheet of Leela and Meeta showed a balance of Rs 16,000 in general reserve and Rs 24,000 (Cr) in Profit and Loss Account. Record necessary journal entries for the treatment of these items on Om’s admission. The new profit sharing ratio between Leela, Meeta and Om was 5:3:2.