Anil and alok is a partner sharing profit and losses in the ratio of 2:1 . They agree to admit anil , there manager into partnership who is get 1/3rd share in the business . Anil bring his 10000 for his capital and 3000 for 1/3rd share of goodwill. Ajay alok and Anil ready to share future profit equally
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calculation of sacrifice ratio
old ratio - new ratio
Ajay = 2/3-1/3= 1/3(sacrifice)
Alok = 1/3-1/3=0
Anil = 1/3 (gain)
only Ajay sacrifice so goodwill brought by Anil
credited to Ajay account
Cash account. Dr 13000
To Anil's capital account 10000
To premium for goodwill 3000
Premium for goodwill Dr. 3000
To Ajay's capital account. 3000
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