Question

Chaman, Raman, and Suman are partners sharing profits in the ratio of 5:3:2. Raman retires. The new profit-sharing ratio between Chaman and Suman will be 1:1. The goodwill of the firm is valued at ₹1,00,000. Raman's share of goodwill will be adjusted.

पर्याय

• by debiting Chaman's Capital Account and Suman's Capital Account with ₹15,000 each.

• by debiting Chaman's Capital account and Suman's Capital Account with ₹21,429 and ₹8,571 respectively.

• by debiting only Suman's Capital Account with ₹30,000.

• by debiting Raman's Capital account with ₹30,000.

Answer 1

by debiting only Suman's Capital Account with ₹30,000.

Explanation:

The retiring partner's goodwill is compensated by the gaining partner/s in the gaining ratio, which is only Suman in this case. Because the remaining partners share the retiring partner's future profit, when a partner retires, the remaining partner/s must compensate the retiring partner.