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A, B, C and D are partners in a firm sharing profits in the ratio of 2 : 1 : 2 : 1. On the retirement of C, Goodwill was valued ₹ 1,80,000. A, B and D decide to share future profits equally. Pass the necessary journal entry for the treatment of goodwill.

Answer»

Rs.30,000Explanation:working notes:WN1: calculate the GAINING ratio " A,B,C,D "="1:1:2:1 (old ratio)A:B:C=1:1:1 (new ratio)gaining ratio =new ratio - old ratioA's gain =1/3-2/6=(2-2)/6 =1/6B's gain = 1/3-1/6=(2-1)/6 =1/6D's gain =1/3-1/6=(2-1)/6 =1/6A:B:D=0:1:1WN2: calculating of RETRYING partner's share of godwillC's share of goodwill =1,80,000 of 2/6 =Rs.60,000C's share of goodwill will be brought by B and D in their gaining ratio 1:1There FORE B's capital A/c will be debited with 60,000*1/2=Rs.30,000And D's capital A/c will be debited with 60,000*1/2=Rs.30,000mark me as a brainliest answer.hope it helps you please follow me



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