Question

A and B are partners sharing profit and losses in the ratio of 4 :1. They admit C into partnership for 1/6th share for which he pays to 20000 for goodwill. A, B and C decide to share future profits in the ratio of 3 :2:1. Give necessary Journal entries

Answer 1

Answer:

it is the correct answer ❤️

Answer 2

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Total value of goodwill as per C's share = Rs.30000 * (3/1) = Rs.90000

Old ratio (A and B) = 4 : 1

New ratio (A, B and C) = 1 : 1 : 1

(Gaining) / Sacrificing ratio = Old ratio - New ratio

A's sacrifice = (4/5) - (1/3) = 7/15

B's sacrifice = (1/5) - (1/3) = -2/15 (Gain)

Therefore, amount of goodwill credited to A's account in sacrificing ratio

= Rs. 90000 * (7/15) = Rs. 42000

abe.. kutton ke tarah answer mat kar

-_-