Why is sacrifice ratio calculated? Post category:Accountancy Reading time:1 mins read SOLUTION Sacrifice ratio is calculated because the premium for goodwill brought in by the incoming partner is divided among old partners in their sacrificing ratio. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostState the ratio in which the old partners share the amount of cash brought in by the new partner as premium for goodwill. Next PostUnless given otherwise, what will be the ratio of sacrifice of the old partner in the case of admission of a new partner? (C.B.S.E. 2019 Chennai) You Might Also Like Atul and Amit are partners sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 is as follows: August 2, 2022 Disha and Divya are partners in a firm sharing profits in the ratio of 3 : 2 respectively. The fixed capital of Disha is Rs. 4,80,000 and of Divya is Rs. 3,00,000. On 1st April, 2019 they admitted Hina as a new partner for 1/5th share in future profits. Hina brought Rs. 3,00,000 as her capital. Calculate value of goodwill of the firm and record necessary Journal entries on Hina’s admission. August 1, 2022 Are there any legal restrictions, similar to shares, for issue of debentures at a discount? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Atul and Amit are partners sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 is as follows: August 2, 2022
Disha and Divya are partners in a firm sharing profits in the ratio of 3 : 2 respectively. The fixed capital of Disha is Rs. 4,80,000 and of Divya is Rs. 3,00,000. On 1st April, 2019 they admitted Hina as a new partner for 1/5th share in future profits. Hina brought Rs. 3,00,000 as her capital. Calculate value of goodwill of the firm and record necessary Journal entries on Hina’s admission. August 1, 2022
Are there any legal restrictions, similar to shares, for issue of debentures at a discount? September 29, 2022