1.

Ramsha mahadevan partnership sharing profit in the ratio 3 is to 2 is to 1 the balance sheet as at 31 march 2013 was followers on 1st april 2013 partners decided to share a profit equal for this purpose it was for the agreed that goodwill of the farm should be valued at rupees 30000

Answer»

(1). X partner's Capital a/c. Dr ₹5,000 To RAMSHA's Capital a/c. ₹5,000(Being share of goodwill adjusted between affected partners through their capital a/c) Explanation:WORKINGS - Calculation of SACRIFICING ratio - Ramsha = 3/6 - 1/3 = 1/6 (sacr) Mahadev = 2/6 - 1/3 =0/6 (neutral) X = 1/6 - 1/3 = (1/6) (gain) Ramsha's share of goodwill = ₹30,000 x 1/6 = ₹5,000



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