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प्रश्न
Madhu, Manav and Mukul were partners in a firm sharing profits in the ratio of 3 : 2: 1. On 31st March, 2021 Mukul retired from the firm. On Mukul's retirement, goodwill of the firm was valued at ₹ 3,00,000. Pass necessary journal entry for the treatment of goodwill without opening Goodwill Account on Mukul's retirement.
रोजकीर्द नोंद
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उत्तर
Value of firm's goodwill = ₹ 3,00,000
Share of Mukul in firm's goodwill = ₹ `3,00,000 xx 1/6` = ₹ 50,000
This amount is to be compensated by Madhu and Manav in their gaining ratio (3 : 2).
Amount to be compensated by Madhu = ₹ `50,000 xx 3/5` = ₹ 30,000
Amount to be compensated by Manav = ₹ `50,000 xx 2/5` = ₹ 20,000
| Journal Entry | ||||
| Date | Particular | L.F. | Amount Dr. (₹) | Amount Cr. (₹) |
| 2021 | ||||
| Mar. 31 | Madhu's Capital A/c ...Dr. | 30,000 | - | |
| Manav's Capital A/c ...Dr. | 20,000 | - | ||
| To Mukul's Capital A/c | - | 50,000 | ||
| (Being goodwill compensated by Madhu and Manav) |
||||
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