A B and c are in partnership sharing profit and losses in the ratio of 5:4:1 .Two new partners d and e are admitted profits are to be shared in the ratio of 3:4:2:2:1 respectively . D is to pay rupees 30,000 for his share of goodwill but e is unable to pay for Goodwill. Boththe new partners introduced rupees 40,000 each as their capital. pass necessary journal entries.
Answers
Answered by
12
Answer:
hope this helps you....
Explanation:
give thanks = take thanks
Attachments:
Answered by
2
Explanation:
(i) Sacrificing Ratio between A and B = 15:4.
Since C is gaining 4/60th share in the profits, he will be also compensate A and Bproprotionately
Since C is gaining 4/60th share in the profits, he will be also compensate A and Bproprotionately. <br> For Adjustment of Goodwill: Dr. C's Capital A/c-RS.36.000, E's Capital/Current A/c-RS.45,000 and Premium for Goodwill A/c-RS.90,000, Cr. A's Capital A/c-RS.1,35,000 and B's Capital A/c-RS.36,000.
Similar questions