Question

A व B एक फर्म में 2:1 के अनुपात में लाभों को बाँटते हुए साझेदार हैं। वे C को लाभों का 1/6 हिस्सा देकर प्रवेश देते हैं। C Rs 40,000, पूँजी वर Rs 15,000 ख्याति के लिए नकद लेकर आता है। A व B ख्याति की राशि निकाल लेते हैं। C के प्रवेश की तिथि को पुस्तकों में ख्याति खाता Rs 30,000 पर प्रकट होता है । आवश्यक प्रविष्टियाँ कीजिए।
A and B are partners in a firm sharing profits in the ratio of 2: 1. They admitted C as a new partner. C brought in Rs 40,000 for his share of capital and Rs 15,000 as Goodwill for 1/6th share in profits of the firm. Goodwill withdrawn by A & B from the firm. On C’s admission goodwill appeared in the books of the firm at Rs 30,000. Record necessary Journal entries.

Answer 1

Answer:

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Answer 2

Given:

• A and B are partners in a firm, sharing profits and losses in the ratio 2:1.
• C was admitted into the firm for 1/6th share in profits, bringing Rs 40,000 as capital and Rs 15,000 as goodwill.
• The goodwill is withdrawn by A and B.
• The firm's goodwill was valued at Rs 30,000.

Objective: To pa‎ss necessary journal entries.

Answer:

Calculation of the new profit-sharing ratio:

Let the total profits be assumed as 1.

Remaining profit for A and B = 1 - 1/6 = 5/6

The remaining profit will be distributed among A and B in their old profit-sharing ratio.

For A:

• New ratio = 5/6 × 2/3 = 10/18

For B:

• New ratio = 5/6 × 1/3 = 5/18

For C:

• New ratio = 1/6, or 3/18

Therefore, the new profit-sharing ratio is 10:5:3.

Calculation of the sacrificing ratio:

Sacrificing ratio = Old ratio - New ratio

For A:

• Sacrificing ratio = 2/3 - 10/18 = (12 - 10)/18 = 2/18

For B:

• Sacrificing ratio = 1/3 - 5/18 = (6 - 5)/18 = 1/18

Therefore, the sacrificing ratio is 2:1.

Journal entries:

A's capital A/c ... Dr - Rs 20,000

B's capital A/c ... Dr - Rs 10,000

• To goodwill A/c - Rs 30,000

(Being the existing goodwill written off in their old profit-sharing ratio.)

Bank A/c ... Dr - Rs 55,000

• To premium for goodwill A/c - Rs 15,000
• To C's capital A/c - Rs 40,000

(Being premium for goodwill and capital brought in by the new partner.)

Premium for goodwill A/c ... Dr - Rs 15,000

• To A's capital A/c - Rs 10,000
• To B's capital A/c - Rs 5,000

(Being the premium for goodwill transferred to the old partners' capital accounts in their sacrificing ratio.)

A's capital A/c ... Dr - Rs 10,000

B's capital A/c ... Dr - 5,000

• To bank A/c - Rs 15,000

(Being the premium for goodwill withdrawn by the old partners.)