Retirement Questions

Hanny, Pammy, and Sunny are partners sharing profits in the ratio of $3:2:1$. Goodwill is appearing in the books at a value of $\text{Rs. }60,000$. Pammy retires and at the time of Pammy's retirement, goodwill is valued at $\text{Rs. }84,000$. Hanny and Sunny decided to share future profits in the ratio of $2:1$. Pammy's share of the current value of goodwill is:

Kumar, Lakshya, Manoj, and Naresh are partners sharing profits in the ratio of $3:2:1:4$. Kumar retires and his share is acquired by Lakshya and Manoj in the ratio of $3:2$. The gaining ratio of the remaining partners (Lakshya, Manoj, and Naresh) is:

Arrange the following accounting procedures involved in handling the retirement or death of a partner in the correct logical sequence:(A) Settlement of the amounts due to the retired/deceased partner(B) Ascertainment of the new profit-sharing ratio and gaining ratio(C) Adjustment of capitals, if required(D) Revaluation of assets and liabilitiesChoose the correct answer from the options given below: