Question

arti and Bharti are the partners in firm with sharing profit ratio 5:3 Seema was admitted as 3/10 share profit half of which was gifted arti and the remaining share was taken by Seema equally Goodwill of the firm is 100000 how much amount of goodwill will be credited to Artis capital account​

Answer 1

Explanation:

Refer to the attachment.

Bharti's share of profit

Sales till the date of death = 1,00,000

As Profit on sale is @10%

Hence profit till date of death =

1

,

00

,

000

×

2

6

=

3

,

333

Bharti's share of goodwill

Average profit

8

,

200

+

9

,

000

+

9

,

800

3

= 9,000 - 20% of average profit

or 9,000 - 1,800 = 7,200

Goodwill of firm = Average profit

×

No of purchase years

=

7

,

200

×

2

=

14

,

400

Bharti's share of goodwill =

14

,

400

×

2

6

=

4

,

800

to be contributed by remaining partners in gaining ratio i.e, 3 :1 Interest on capital of deceased partn er till date of death

Interest = Capital

×

Rate

×

Period

=

1

,

200

×

10

100

×

73

365

=

240

Interest is calculated for 73 days i.e, 30 days of Apr il + 31 Days of May and 12 days of June.

Answer 2

$sarthi \: admitted \: for \: \frac{3}{20} share \: in \: new \: firm$

$arti:bharati:sarthi$

$new \: ratio \: 2:1:1$

$sacrificing \: ratio \: = old \: ratio \: - new \: ratio$

arti = \frac{3}{5} - \frac{2}{4} = \frac{2}{20} [/tex]

$bharti = \frac{2}{5} - \frac{1}{4} = \frac{3}{20} </p><p>[tex]arti \: will \: receive \: 10000 \times \frac{2}{5} bharti \: will \: receive$

$10000 \times \frac{3}{5} = 6000$