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A and b are partners sharing …

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A and b are partners sharing profits. They admit Cas a new partner. C contributes stock ₹30,000; furniture₹40000 machinery ₹100000 and cash 20000 towards his capital and goodwill. Goodwill in the date of admission was valued at ₹180000. Calculate C's share of goodwill and capital

Posted by Ankur Sharma 7 years, 4 months ago

CBSE > Class 12 > Accountancy

4 answers

Pravit Chaudhary 7 years, 4 months ago

Stock a/c Dr 30000 Furniture a/c Dr 40000 Machinery a/c Dr 100000 Cash a/c Dr 20000 To Premium for Goodwill a/c 60000 To C's Capital a/c 130000 [{ C's goodwill is 1/3rd of firm's goodwill i.e.,180000} , {C's capital is = stock+furn.+much.+cash- premium for goodwill} here, premium for goodwill is the amount of goodwill bought by C]

Rahul Raturi 7 years, 4 months ago

Inki entry bnegi but mene short m comments m explain kiya h

Shuchi Bhatnagar 7 years, 4 months ago

Rahul phir bhi capital 130000 kse aayi??

Rahul Raturi 7 years, 4 months ago

I have assumed c 's Ratio 1/3 his g/w is 60000 and capital is 130000

ANSWER

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