Question

Q.20. Yuvraj and Vinod are partners, sharing profits in the ratio of 5:3. Mayank is admitted as a new partner for 2/10th share of profit half of which is gifted by Yuvraj and the remaining share is taken by Mayank from Yuvraj and Vinod equally, Goodwill of the firm was calculated Rs. 60,000. How much premium for goodwill is to be credited to Yuvraj's Capital Account​

Answer 1

Answer:

ANSWER 3000

3000 will be credited toh yuvrajs capital acc

Explanation:

60000×2÷40=3000

2/10×1/2=2/20

2/20×1/2=2/40

Answer 2

"37500"

Explanation:

Yuvraj old share = 5/8;Yuvraj sacrifice in favour of Mayank = 1/10 + 1/20 = 3/20

Yuvraj new share = 5/8 - 3/20 = 25-12/80 = 13/80

Vinod old share = 3/8; Vinod sacrifice in favour of Manyak = 1/20

Vinod new share = 3/8 - 1/20 = 15-4/80 = 11/80

Manyak new share = 2/10 x 8/8 = 16/80

new ratio = 13 : 11 : 16

Goodwill of the firm = 60000

    Premium for Yuvraj = 60000 x 5/8 = 37500