CBSE > Class 12 > Accountancy | CBSE Board | Homework Help

A and B were partners sharing profits in the ratio of 21: 9. C was admitted on 9/21 share in the profits. Calculate new profit sharing ratio of the partners.

Posted by Ankit Shaw 3 weeks, 3 days ago

CBSE > Class 12 > Accountancy

2 answers

Ekampreet Singh 3 weeks, 3 days ago

Case 1 will be applied here Let total share=1 C share= 9/21 Etc

0Thank You

Ankit Shaw 2 weeks, 3 days ago

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0Thank You

ANSWER

Baisnabi Chettri 1 day, 22 hours ago

First we need to written off the Goodwill By X's capital account. Dr 16000 Y's capital account. Dr 12000 To Goodwill a/c. 28000(cr) (Goodwill written off) Cash/Bank a/c. Dr. 121,000 To z's capital a/c. 100000 To premium of g/w alc. 21000 (Cash and premium brought by z to business) Premium of g/w alc Dr. 21000 To X's capital a/c. 12000 To y's capital a/c. 9000

Chhavi Singhania 2 weeks, 1 day ago

A sacrifice 3/25 B sacrifice 2/25 New ratio = old ratio - new ratio A = 3/5-3/25 = 15-3/25 = 12/25 B = 2/5-2/25 = 10-2/25 = 8/25 C = 3/25+2/25 = 5/25 ( new ratio = 12:8:5 )

1Thank You

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