Accountancy, asked by alick450, 5 months ago

Anita and Babita were partners sharing profits and losses in the ratio of 3:1. Savita was admitted for 1/5th

share in the profits. Savita was unable to bring her share of goodwill premium in cash. The journal entry

recorded for goodwill premium is given below :

Date Particular LF Debit Amt. (Rs.) Credit Amt. (Rs.)

Savita’s Current A/c Dr.

To Anita’s Capital A/c.

To Babita’s Capital A/c.

(Being adjustment of goodwill premium

on Savita’s Admission)

24,000

8,000

16,000

The new profit sharing ration of Anita, Babita and Savita, will be

a) 41: 7 : 12 b) 13 : 12 : 10 c) 3 : 1 : 1 d) 5 : 3 : 2

Answers

Answered by aditiaggarwaljk19
3

Answer:

41:7:12

Explanation:

old share =3:1

sacrificing ratio =1:2(8000,16000

)

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