Question

Mahi and Rajat were in partnership sharing profits and losses in the ratio of 4:3. They admitted Kripa as
a new partner. Kripa brought 60,000 as her share of goodwill premium which was entirely credited to
Mahi's Capital Account. On the date of admission, goodwill of the firm was valued at 4,20,000. Calculate
the new profit-sharing ratio of Mahi, Rajat and Kripa.​

Answer 1

Answer:

The correct answer of this question is Mahi  : 3/7,  Rajat : 3/7  Kripa 1/7

Explanation:

Given - Mahi and Rajat were in partnership sharing profits and losses in the ratio of 4:3. They admitted Kripa as a new partner. Kripa brought 60,000 as her share of goodwill premium which was entirely credited to Mahi's Capital Account and  on the date of admission, goodwill of the firm was valued at 4,20,000.

To Find - Calculate the new profit-sharing ratio of Mahi, Rajat and Kripa.​

Kripa brought '60,000 in goodwill premium as her share.

Mahi's share in Kripa is 60,000/4,20,000 = 1/7.

Mahi remaing share = 4/7 - 1/7 = 3/7

According to the queston, new ration is

Mahi  :   Rajat   :  Kripa

 3/7        3/7          1/7

#SPJ2

Answer 2

Answer:

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