A and B are partners sharing profits and losses in 3 : 2. They admit C into partnership for 330th share in the profits. A surrenders 13rd of his share and B surrenders 14th of his share in favour of C. Goodwill of the firm is valued at ₹3,00,000 but C is unable to bring his share of goodwill in cash. Credit will be given to :
Answers
Answered by
4
Answer:
question is understable so we can answer every thing we can : 1. new profit sharing ratio , 2. goodwill distribution between partners
Explanation:
1. new psr
A = 3/5 - 1/3 * 3/5
= 9/15 - 3/15
= 6/15 = 2/5
2/5 * 2/2
= 4/10
B = 2/5 - 1/4* 2/5
= 2/5 - 2/20
= 6/20
= 3/10
C = 1/3*3/5 + 1/4*2/5
= 3/15. + 2/20
= 12 + 6/ 60 = 18/60 = 3/10
C share = 3/10
new profit sharing ratio = 4:3:3
2. Goodwill distribution between old partner. journal.
c has to give for goodwill
= 300000 * 3/10 =90000
c's current a\c dr 90000
To A's capital a\c 54000. [ 90000 * 3/5 ]
To B'capital a\c. 36000. [90000* 2/5]
Similar questions