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प्रश्न
A, B, C and D were partners in a firm sharing profits in 3 : 3 : 3: 1 ratio. On 31st January, 2017 D retired. A, B and C decided to share future profits in the ratio of 5 : 1 : 1. On D's retirement the goodwill of the firm was valued at Rs 4,90,000.
Showing your working notes clearly pass necessary Journal Entry for the treatment of goodwill in the books of the firm on D's retirement.
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उत्तर
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Journal |
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Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
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A’s Capital A/c |
Dr. |
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2,03,000 |
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To B’s Capital A/c |
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77,000 |
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To C’s Capital A/c |
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77,000 |
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To D’s Capital A/c |
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49,000 |
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(Goodwill adjusted through capitals) |
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Notes
Gaining Ratio = New Ratio−Old Ratio
`A=5/7-3/10=29/70`
`B=1/7-3/10=-11/70` (Sacrifice)
`C=1/7-3/10=11/70` (Sacrifice)
A's share of goodwill=`4,90,000xx29/70=Rs 2,03,000`
B 's share of goodwill =`4,90,000xx11/70=Rs 77,000`
C 's share of goodwill=`4,90,000xx11/70=Rs77,000`
D 's share of goodwill =`4,90,000xx1/10=Rs49,000`
