Question

Q. 31. A, B and C are partners sharing profits and losses in the ratio of 3:2:1.
They admit D for 1/4th share in the profits and he brought in 1,50,000 as his share of goodwill which was credited to the Capital Accounts of B and C respectively with 1.25,000 and 25,000.
Calculate the new profit sharing ratio.
(Ans. New Ratio 4:1:1:2.]
plz i want new ratio in detail....​

Answer 1

A's Capital a/c.... Dr. 1200

B's Capital a/c.... Dr. 800

To Goodwill a/c 2000

(Being goodwill written off in the ratio of 3:2)

2. Cash a/c...... Dr. 10000

To C's Capital a/c 10000

(Being capital brought in by C)

3. C's Capital.... Dr. 3000

To A's Capital a/c 1800

To B's Capital a/c 1200

(Being C's share of goodwill charged to his capital account and distributed among the partners in the ratio of 3:2)