Ans. Sacrificing Hallo of Ard & Bharti 2:3)
2.9. Hari, Ravi and Kavi were partners in a firm sharing profits in the ratio of
3:2:1. They admitted Guru as a new partner for 1/7th share in the profits,
The new profit-sharing ratio will be 2:2:2: 1 respectively. Guru brought in
3,00,000 for his capital and 45,000 for his 1/7th share of Goodwill. Pass
the necessary Journal entries in the books of the firm. [CBSE (2007)]
[Ans. Sacrificing Ratio of Hari & Ravi 9:2, Kavi's Gain 5/42,
Debit Kavi's Capital A/c also 37,500]
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Ans. Sacrificing Hallo of Ard & Bharti 2:3)
2.9. Hari, Ravi and Kavi were partners in a firm sharing profits in the ratio of
3:2:1. They admitted Guru as a new partner for 1/7th share in the profits,
The new profit-sharing ratio will be 2:2:2: 1 respectively. Guru brought in
3,00,000 for his capital and 45,000 for his 1/7th share of Goodwill. Pass
the necessary Journal entries in the books of the firm. [CBSE (2007)]
[Ans. Sacrificing Ratio of Hari & Ravi 9:2, Kavi's Gain 5/42,
Debit Kavi's Capital A/c also 37,500]
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