Question

chapter admission of partner class 12 ​

Answer 1

Answer: c's share in goodwill = 60,000

Cash AC......dr 60,000

To premium for goodwill AC 60,000

Premium for goodwill AC ..dr 60,000

To A's capital AC. 40,000

To B's capital AC. 20,000

Explanation:

C will bring 60% of goodwill that means (1,00,000*60/100)

The sacrificing ratio of A:B = 1/6:1/12 = 2:1

So amount of premium is distributed in sacrificing ratio so A will get 40,000 and B will get 20,000