S, T and U were partners in a firm. They admitted V as anew partner. S and T sacrificed 1 / 3rd and 1 / 4th of their share respectively in favour of V. Calculate the new profit-sharing ratio of S, T, U and V. (C.B.S.E. 2019, Chennai) Post category:Accountancy Reading time:1 mins read SOLUTION New Ratio 8: 9: 12: 7. 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 PostAtul and Neera were partners in a firm sharing profits in the ratio of 3: 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account Calculate the new profit-sharing ratio. (C.B.S.E. 2019, M.P.) Next PostA and B were partners in a firm sharing profits in the ratio of 3: 2. C and D were admitted as new partners. A sacrificed 1 / 4th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit-sharing ratio of A, B, C and D. (C.B.S.E. 2019, Kerala) You Might Also Like On 31st March, 2021 the Balance Sheet of Ram and Shyam who share profits and losses in the ratio of 3: 2 was as follows: November 5, 2022 A, B and C were partners sharing profits in the ratio of 5 : 3 : 2. On 31st March, 2019, A’s Capital and B’s Capital were Rs. 30,000 and Rs. 20,000 respectively but C owed Rs. 5,000 to the firm. The liabilities were Rs. 20,000. The assets of the firm realised Rs. 50,000. Prepare Realisation Account, Partner’s Capital Accounts and Bank Account. July 26, 2022 Under what circumstances premium for Goodwill paid by the incoming partner is not recorded in the books of account? (Delhi 2014 C) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On 31st March, 2021 the Balance Sheet of Ram and Shyam who share profits and losses in the ratio of 3: 2 was as follows: November 5, 2022
A, B and C were partners sharing profits in the ratio of 5 : 3 : 2. On 31st March, 2019, A’s Capital and B’s Capital were Rs. 30,000 and Rs. 20,000 respectively but C owed Rs. 5,000 to the firm. The liabilities were Rs. 20,000. The assets of the firm realised Rs. 50,000. Prepare Realisation Account, Partner’s Capital Accounts and Bank Account. July 26, 2022
Under what circumstances premium for Goodwill paid by the incoming partner is not recorded in the books of account? (Delhi 2014 C) October 8, 2022