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प्रश्न
A, B and C are sharing profits in the ratio of 4 : 3 : 2. Goodwill is appearing in the books at a value of ₹ 42,000. C retires and on the day of C’s retirement Goodwill is valued at ₹ 63,000. Pass the necessary journal entries.
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उत्तर
| Journal | ||||
| Date | Particulars | L.F. | Debit (₹) | Credit (₹) |
| (1) | A’s Capital A/c ...Dr. | 18,667 | ||
| B’s Capital A/c ...Dr. | 14,000 | |||
| C’s Capital A/c ...Dr. | 9,333 | |||
| To Goodwill A/c | 42,000 | |||
| (Being Goodwill written off) | ||||
| (2) | A’s Capital A/c ...Dr. | 8,000 | ||
| B’s Capital A/c ...Dr. | 6,000 | |||
| To C’s Capital A/c | 14,000 | |||
| (Being Value goodwill adjusted) | ||||
Calculation of new profit sharing & gaining ratio
Profit sharing ratio of A, B and C is 4 : 3 : 2
C retired
New profit sharing ratio of A and B after discarding Rakesh share
⇒ 4 : 3
In the absence of any additional information gaining ratio is always equal to new ratio.
General ratio of A & B is 4 : 3
Calculation of Partner's share in the goodwill of the firm.
Valued goodwill of the firm = ₹ 63,000
C’s share in goodwill = `63000xx2/9` = ₹ 14000
A & B will contribute it in their gaining ratio i.e. 4 : 3
A will contribute = `14000xx4/7` = ₹ 8,000
B will contribute = `14000xx3/7` = ₹ 6,000
