81.
X and Y are partners in a firm sharing profits in the ratio of 3 : 1. They admit Z as a partner with new profit sharing ratio of 2 : 1 : 1. The amount of goodwill brought in by new partner will be credited to

86.
Receipt and payment account record transactions of:

88.
Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order.
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:

90.
Insufficient working capital may result into which combination of the following? i. Failures to adapt to changes.
ii. Enhancement in credit-worthiness of the firm.
iii. Reduced availability of trade and cash discounts.
iv. Reduced volume of sales.