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प्रश्न
Avya, Divya and Kavya were equal partners. They decided to change the profit-sharing ratio to 4 : 3 : 2. For this purpose, the goodwill of the firm was valued at ₹ 90,000. The journal entry for the treatment of goodwill on change in profit sharing ratio will be:
विकल्प
Particulars L.F. Amount
Dr. (₹)Amount
Cr. (₹)Kavya’s Capital A/c ...Dr. 10,000 - To Avya’s Capital A/c - 10,000 Particulars L.F. Amount
Dr. (₹)Amount
Cr. (₹)Divya’s Capital A/c ...Dr. 10,000 - To Avya’s Capital A/c - 10,000 Particulars L.F. Amount
Dr. (₹)Amount
Cr. (₹)Avya’s Capital A/c ...Dr. 90,000 - To Kavya’s Capital A/c - 90,000 Particulars L.F. Amount
Dr. (₹)Amount
Cr. (₹)Avya’s Capital A/c ...Dr. 10,000 - To Kavya’s Capital A/c - 10,000
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उत्तर
| Particulars | L.F. | Amount Dr. (₹) |
Amount Cr. (₹) |
| Avya’s Capital A/c ...Dr. | 10,000 | - | |
| To Kavya’s Capital A/c | - | 10,000 |
Explanation:
Avya’s Gain = `4/9 - 1/3 = 4/9 - 3/9 = 1/9`
Kavya’s sacrifice = `1/3 - 2/9 = 3/9 - 2/9 = 1/9`
Thus the sacrificing value of goodwill is `1/9 xx ₹ 90,000` = ₹ 10,000 which will be transferred from Avya (Gaining Partner) to kavya (Sacrificing Partner)
Thus, sacrificing value of goodwill is ₹ 10,000.
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संबंधित प्रश्न
If it is agreed that the capital of all the partners be proportionate to the new profit sharing ratio, how will you work out the new capital of each partner? Give examples and state how necessary adjustments will be made.
Gaining Ratio = ____________
Complete the following sentence.
______ is also one of the special aspects of partnership accounts which requires adjustment (also valuation if not specified) at the time of reconstitution of a firm).
Complete the following sentence.
"The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called ______"
Mahi, Neha and Tina are partners sharing profits in the ratio of 5:3:2. Calculate gaining ratio of Mahi if she retires ______
Anwar and Bashir were partners in the firm sharing profits or losses in the ratio of 7 : 5. With effect from 1st April 2021, they agreed to share profits in the ratio of 5 : 4. Due to the change in profit sharing ratio, what is Bashir's gain or sacrifice?
Which of the following does not result in the change in the profit sharing ratio?
Analyse the case given below and answer the question that follow:
Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹ 60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹ 2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answer to the question given below:
What is Alia's gaining or sacrificing ratio:
Analyse the case given below and answer the question that follow:
Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at the value of ₹ 60,000. Karan decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at ₹ 2,40,000. The new profit sharing ratio decided among Alia and Shilpa was 2 : 3. Give the answer to the question given below:
What is Shilpa's gaining or sacrificing ratio:
Avi and Babi were partners in a firm sharing profit or loss equally. With effect from 1st April 2021, they agreed to share profits in the ratio of 3 : 4. Due to the change in profit sharing ratio, Avi's gain or sacrifice will be:
Ramesh and Suresh are partners in the ratio of 3 : 2. Before profit distribution, 'Ramesh is entitled to 5% commission of the net profit (after charging such commission). Before charging commission, firm's profit was ₹ 84,000. Suresh's share in profit will be ______.
Which of the following is not required to be adjusted at the time of change in the profit sharing ratio?
Change in profit sharing ratio among partners results in ______
General Reserve appearing in the Balance Sheet is transferred to ______
The ratio which is computed to determine the sacrifice of the old partners made in favour of new partner which is admitted into partnership is ______.
How will you calculate New profit sharing ratio?
