Aditya and shiv were partner in a firm with capital of 3,00,000 and 2,00,000 respectively.Naina was admitted as a new partner 1/4 th share in the profits of the firm.Naina brought 1,20,000 for her share of Goodwill premium and 2,40,000 for her capital .The amount of Goodwill premium credited to Aditya will be?
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Answer:
72000
Explanation:
when premium (good will) is brought in cash
cash A/C Dr 360,000
To Premium A/C 120,000
To capital A/C 240,000
premium is credited to old partner sacrificing ratio
premium A/C Dr 120,000
To aditya A/C 72000
To shiv A/C 48000
72000 ans
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