Karan and Suman were partners sharing profit in the ratio 2 :1 .Monica was admit for one third share of which two third was gifted by Karan the remaining was contributed by Suman Goodwill of the firm is valued 27 how much amount for Goodwill will be credited to Suman capital account ?
a)3000 b) 6000 c) 9000 d) 18000
Answers
Answer:
As suman is admitted for one-third share , Goodwill credited to suman capital account is 27000×1/3 = 9000
Hence, option (C) is correct
The amount of goodwill credited to Suman's capital account is Rs. 9,000. (Option c)
Given:
The profit-sharing ratio of Karan and Suman=2:1
Monica's share on admission=1/3
Amount of goodwill= Rs.27,000
To find:
Amount of goodwill credited to Suman's capital account
Solution:
We can find the amount by following a few simple steps-
We know that Monica's share has been sacrificed by Karan and Suman.
Karan sacrificed 2/3rd of Monica's share and Suman sacrificed 1/3rd of the share.
So, Share sacrificed by Karan is 2/3×1/3
=2/9
Share sacrificed by Suman is 1/3×1/3
=1/9
Sacrificing ratio of Karan and Suman=2/9:1/9
=2:1
The amount of goodwill is also distributed in the sacrificing ratio of old partners.
The amount of goodwill credited to Suman's capital account=1/3×27,000
= Rs. 9,000
Therefore, the amount credited to Suman's capital account is Rs. 9,000.