SOLUTION
Working Note:
WN1
Sacrificing Ratio = Adil: Bhavya
Sacrificing Ratio = 1/24: 1/8 = 1: 3
WN2
Distribution of Cris’s share of Goodwill (in sacrificing ratio)
Adil will get = 36,000 × 1/4 = 9000,0
Bhavya will get = 36,000 × 3/4 = 27,000
WN3
Calculation of New Profit-Sharing Ratio
New Ratio = Old Ratio – Sacrificing Ratio
Adil’s = 7/12 – 1/12= 13/24
Bhavya’s = 5/12 – 1/8 = 7/24
New profit-sharing ratio = Adil: Bhavya: Cris
New profit-sharing ratio = 13/24: 7/24: 1/6 = 13: 7: 4
WN4
Distribution of Profit earned after Cris’s admission (in new ratio)
Adil will get = 2,40,000 × 13/24 = 1,30,000
Bhavya will get = 2,40,000 × 7/24 = 70,000
Cris will get = 2,40,000 × 4/24 = 40,000