Question

chapter admission of partner class 12 ​

Answer 1

Answer:

Let total share be 1

Remaining share after c's admission = 3/4(1-1/4)

A's share =1/3*3/4=3/12

B's share =2/3*3/4=6/12

C's share= 1/4

New PSR = 3:6:3 -> 1:2:1

CASH AC.....DR. 14,000

TO C'S CAPITAL AC. 8,000

TO PREMIUM FOR GOODWILL AC 6,000

PREMIUM FOR GOODWILL AC....DR 6,000

TO A'S CAPITAL AC. 2,000

TO B'S CAPITAL AC. 4,000

CAPITAL OF A=10,000 + 2000 = 12,000-2000 = 10,000

Capital of B = 8000+4000 = 12,000-4000 = 8000

Capital of c = 8000

Explanation:

Withdrawal :- A's capital AC... dr. 2,000

B's capital AC.....dr. 4000

To cash AC. 6000