As per the partnership act, if the partnership deed is silent about the things mentioned above so in that case the partners are not entitled for any salary or interest on capital , but as per the provision even if the partnership deed is silent the partner is entitled for an interest @6% on loan or any advance given by him to the firm.

Interest on capital will be paid to the partners if provided for in the agreement but only from profits. Interest on capital is an appropriation and not a charge against profit hence, is provided only to the extent of profits. 

When a firm maintains fixed capital accounts for partners, the capital introduced by partners remains unchanged in the Partners' Capital Account.

All other periodic adjustments like:

• Salary to partners
• Interest on capital
• Interest on drawings
• Drawings
• Share of profits/losses

are recorded in a separate account called the Partners’ Current Account.

This helps in keeping the capital account fixed, while fluctuations in a partner's equity due to these items are tracked in the current account.

A new partner can be admitted in the partnership firm only with the consent of all the existing partners. A new partner cannot be admitted if all existing partners are not ready to admit him as a partner.

Goodwill existing in the old balance sheet of a partnership firm before admitting a new partner will be written off by the old partners in their old profit sharing ratio. A new partner cannot be debited for the same.

Let's assume the initial profit of the firm is x.

Initially, A and B share the profit in the ratio 1:2. So, A's share is (1/3) * x and B's share is (2/3) * x.

Now, they admit C into the partnership and decide to give him 1/3rd share of the future profits.

So, C's share is (1/3) * (1/3) * x = (1/9) * x.

The new ratio of the partners will be:

A : B : C = A's share : B's share : C's share

A : B : C = (1/3) * x : (2/3) * x : (1/9) * x

Simplifying the ratio, we get:

A : B : C = 3x : 6x : x

Dividing by x, we get:

A : B : C = 3 : 6 : 1

So, the new ratio of the partners is 3 : 6 : 1.

Therefore, the correct answer is B: It is 2:4:3

Retiring or outgoing partner:

A retiring partner is liable for obligations incurred before their retirement. This means:

• The partner remains responsible for any debts or liabilities that arose while they were still part of the firm.
• They are not liable for any new obligations that occur after their retirement.
• If the retiring partner consented to any obligations, they may also be liable for those.

In summary, a retiring partner's liability is limited to obligations incurred prior to their exit from the firm.

To determine the amount transferred to B's loan account upon retirement, follow these steps:

• Calculate B's share of goodwill:

  Goodwill is valued at Rs. 30,000. B's share (2/5) is:

  Rs. 30,000 × (2/5) = Rs. 12,000.

• Determine profit on revaluation:

  The profit on revaluation is Rs. 7,050. B's share (2/5) is:

  Rs. 7,050 × (2/5) = Rs. 2,820.

• Calculate total amount due to B:

  Combine B's share of goodwill and profit on revaluation:

  Rs. 12,000 + Rs. 2,820 = Rs. 14,820.

• Include B's capital balance:

  B's capital balance is Rs. 50,000.

• Account for reserves:

  Balance in reserve is Rs. 15,000. B's share (2/5) is:

  Rs. 15,000 × (2/5) = Rs. 6,000.

• Calculate total amount transferred to B's loan account:

  Add B's capital balance, share of goodwill, profit on revaluation, and share of reserves:

  Rs. 50,000 + Rs. 12,000 + Rs. 2,820 + Rs. 6,000 = Rs. 70,820.

Final Amount: Rs. 70,820 will be transferred to B's loan account.