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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:
पर्याय
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 = ____________
On reconstitution of a partnership firm, recording of an unrecorded liability will result in ______.
Complete the following sentence.
"The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner is ______"
Rohit and Mohit are partners in firm sharing profits in the ratio of 5:3. They admit Bijoy as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. Calculate the sacrificing ratio of Rohit and Mohit.
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 ______
Which of the following does not result in the change in the profit sharing ratio?
At the time of change in profit sharing ratio, it is important to determine the ______ and ______ of partners.
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:
Which of the following is not required to be adjusted at the time of change in the profit sharing ratio?
Which of the following statements is not true?
Change in profit sharing ratio among partners results in ______
Which of the following is/are required at the time of change in profit sharing ratio among partners?
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 ______.
