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NvNavya and Radhey were partners sharing …

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NvNavya and Radhey were partners sharing profits and losses in the ratio of 3: 1. Shreya was admitted for 1/5th share in the profits. Shreya was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below: Date Particular LF Debit (₹) Credit (₹) Shreya’s Current A/c. Dr. To Navya’s Capital A/c. To Radhey’s Capital A/c (Being entry for goodwill treatment passed) 24,000 8,000 16,000 The new profit-sharing ratio of Navya, Radhey and Shreya will be: a) 41: 7: 12 b) 13:12: 10 c) 3:1: 1 d) 5:3: 2 Posted by Vishakha Das 2 months, 2 weeks ago

Posted by Krishna Popandiya 1 year, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Preeti Dabral 1 year, 11 months ago

sacrificing ratio calculated from(8000,16000)

8:16

1:2

Navya sacrifice 1/5x1/3=1/15

Radhey sacrifice=1/5x2/3=2/15

now the new ratio of Navya=3/4-1/15=41/60

Radhey new ratio=1/4-2/15=7/60

Shreya new ratio=1/5x12/12=12/60

now new ratio=41:7:12

ANSWER

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