MENU
Question -

Aparna, Manisha and Sonia are partners sharing profits in the ratio of 3:2:1. Manisha retires and goodwill of the firm is valued at Rs 1,80,000. Aparna and Sonia decided to share future in the ratio of 3:2. Pass necessary Journal entries.



Answer -

┬аBooks of Aparna, and Sonia

┬а

Journal

┬а

┬а

Date

Particulars

L.F.

Amount

Rs

Amount

Rs

┬а

AparnaтАЩs Capitals A/c

Dr.

┬а

18,000

┬а

┬а

SoniaтАЩs Capital A/c

Dr.

┬а

42,000

┬а

┬а

To ManishaтАЩs Capital A/c

┬а

┬а

┬а

60,000

┬а

(ManishaтАЩs share of goodwill adjusted to AparnaтАЩs and

SoniaтАЩs Capital Account in their gaining ratio )

┬а

┬а

┬а
Working Notes:
1. ManishaтАЩs share in goodwill:
Total goodwill of the firm ├Ч Retiring PartnerтАЩs Share =┬а
2. Gaining Ratio = New Ratio тИТ Old Ratio
Aparna Gaining share┬а┬а
┬а
Gaining Ratio between Aparna and Sonia = 3 : 7
3. AparnaтАЩs share in goodwill┬а
SoniaтАЩs share in goodwill┬а┬а

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
NodeJS Interview Questions Answers
ASP.Net Interview Questions Answers
Interview Questions Answers
×