Question

raghu ravi and ramesh are partners in a firm sharing profitsand losses in the ratio of 2:3:1. goodwill o the firm is valued at rs.24000.ramesh retires on 31.3.2019.calculate the share of goodwill of ramesh and find out his share o goodwill to be borne by raghu and ravi what ratio and calculate the amount of goodwill ha each parner have o borne.

Answer 1

Answer:

Goodwill of the firm = 24000(given)

Ramesh share of goodwill

= 1/6 * 24000

= 4000

As no new ratio is provided, assuming new ratio as 1:1

Calculation of gaining ratio

Raghu = 1/2 - 2/6 = 1/6

Ravi = 1/2 - 3/6 = 0/6

(hence Ravi does not gain)

Therefore the whole amt is gained by Raghu

Journal entry:

Raghu Capital A/c ....Dr. 4000

To Ramesh Capital A/c 4000