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प्रश्न
P, Q, R and S were partners in a firm sharing profits in the ratio of 5 : 3 : 1 : 1. On 1st January, 2019, S retired from the firm. On S's retirement, goodwill of the firm was valued at ₹ 4,20,000. New profit-sharing ratio among P, Q and R will be 4 : 3 : 3.
Showing your working notes clearly, pass necessary Journal entry for the treatment of goodwill in the books of the firm on S's retirement.
संख्यात्मक
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उत्तर
Journal
|
Date |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
|
| 2019 Jan.1 |
R’s Capital A/c |
|
|
||
| To P’s Capital A/c |
42,000 |
||||
| To S’s Capital A/c |
42,000 |
||||
| (Goodwill adjusted) | |||||
Working Notes:
Gaining Ratio = New Ratio – Old Ratio
`"P" = 4/10 - 5/10 = -1/10 ("sacrifice")`
`"Q" = 3/10 - 3/10 = 0`
`"R" = 3/10 - 1/10 = 2/10`
`"P's share" = 4.20,000 xx 1/10 = 42,000`
`"R's share" = 4.20,000 xx 2/10 = 84,000`
`"S's share" = 4.20,000 xx 1/10 = 42,000`
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