intermediate(ipc)course (no) (1460 Points)
17 September 20111).a,b,c are partners showing profits in the ratio of 4:3:2.d is admitted for 2/9 th share of profits & brings 30000 as his capital & 10000 for his share of goodwill.the new sharing ratio between partners will be 3:2:2:2.goodwill a/c is credited in the capital accounts of -----------?
2).a,r,s are partners sharing profit & losses in the ratio of 5:4:3.s retires & if a & r shares profit of s in 4:3 then new profit sharing ratio is-----------------?
intermediate(ipc)course
(no)
(1460 Points)
Replied 17 September 2011
please elaborately solve those problem.
intermediate(ipc)course
(no)
(1460 Points)
Replied 17 September 2011
in first problem of the above,why goodwill is credited in a & b.why not c?-------------------
GAUTAM DEY
(Be Patient, Live Life)
(17309 Points)
Replied 17 September 2011
QUESTION No 1. THERE ARE VARIOUS TREATMENT OF GOODWILL
ALTERNATIVE-1 Cash A/C...............Dr 40000
To D's Capital A/C 40000
D's Capital A/C...................Dr 10000
To A's Capital A/C 5000
To B's Capital A/C 5000
(Being the goodwill credited to the sacrificing partners in
their sacrificing ratio 1:1)
ALTERNATIVE- 2 Cash A/C...........................Dr 40000
To D's Capital A/C 30000
To Goodwill A/C 10000
Goodwill A/C.................Dr 10000
To A's Capital A/C 5000
To B's Capital A/C 5000
(Naration same as above)
Sacriticing Ratio (Old ratio - New ratio)
A = 4/9 - 3/9 = 1/9 (Sacrifice)
B = 3/9 - 2/9 = 1/9 (Sacrifice)
C = 2/9 - 2/9 = 0 (No Sacrifice)
Therefore, Sacrificing Ratio A : B = 1/9 : 1/9 or 1 : 1
QUESTION 2
a r
(A) Existing Ratio 5/12 4/12
(B) Shares acquired from s 3/12 * 4/7 3/12 * 3/7
= 12/84 = 9/84
(C) New Ratio 5/12 + 12/84 4/12 + 9/84
47/84 37/84
47:37
GAUTAM DEY
(Be Patient, Live Life)
(17309 Points)
Replied 17 September 2011
PLEASE SEE THE WORKING OF Q -1 THAT C DOES NOT MAKE ANY SACRIFICE IN D'S ADMISSION.
SO, NOTHING WILL BE CREDITED IN C'S CAPITAL A/C
CA Mohit Mohan
(c.a. profession)
(557 Points)
Replied 17 September 2011
second answer by the above person is totally wrong
47: 37
GAUTAM DEY
(Be Patient, Live Life)
(17309 Points)
Replied 17 September 2011
QUESTION NO 2
EXISTING RATIO a : r : s 5/12 : 4/12 : 3/12
Shares acquires from s (In the ratio of 4:3) by a and r
a 3/12 * 4/7 = 12/84
r 3/12 * 3/7 = 9/84
New Ratio
a 5/12 + 12/84 = 47/84
r 4/12 + 9/84 = 37/84
a : r 47 : 37
intermediate(ipc)course
(no)
(1460 Points)
Replied 17 September 2011
thanks to all-----------------------------------------------------------infinite.
m islam
(SERVICE)
(21 Points)
Replied 26 November 2011
IN above question goodwill are divided in scrifice atio becouse A nd B Sacrifise and C ratio are same as campared to old ratio so that goodwill are share A nd B only
Sacrifice ratio Calculate by
Old Ratio - New Ratio n = Sacrifice Ratio
CAclubindia
