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प्रश्न
Pinky, Qumar and Roopa partners in a firm sharing profits and losses in the ratio of 3:2:1. S is admitted as a new partner for 1/4 share in the profits of the firm, whichs he gets 1/8 from Pinky, and 1/16 each from Qmar and Roopa. The total capital of the new firm after Seema’s admission will be Rs 2,40,000. Seema is required to bring in cash equal to 1/4 of the total capital of the new firm. The capitals of the old partners also have to be adjusted in proportion of their profit sharing ratio. The capitals of Pinky, Qumar and Roopa after all adjustments in respect of goodwill and revaluation of assets and liabilities have been made are Pinky Rs 80,000, Qumar Rs 30,000 and Roopa Rs 20,000. Calculate the capitals of all the partners and record the necessary journal entries for doing adjustments in respect of capitals according to the agreement between the partners?
उत्तर
1) Calculation of new profit sharing Ratio = Old Ratio − Sacrificing Ratio
Pinky = `3/6 - 1/8 = [ 12 -3 ]/24 = 9/24`
Qumar = `2/6 - 1/16 = [ 16 -3 ]/48 = 13/48`
Roopa = `1/6 - 1/16 = [ 8 - 3]/48 = 5/48`
New profit sharing ratio between Pinky, Qumar, Roopa and Seema
`9/24 : 13/48 : 5/48 : 1/4 = 18/48 : 13/48 : 5/48 : 12/48`
= 18 : 13 : 5 : 12
2) Required capital of all partners in the new firm
Pinky's Capital = 2,40,000 x `18/48` = 90,000
Qumar's Capital = 2,40,000 x `13/48` = 65,000
Roopa's Capital = 2,40,000 x `5/48` = 25,000
Seema's Capital = 2,40,000 x `12/48` = 60,000
3) Amount to be brought by each partner
Pinky = 90,000 − 80,000 = 10,000
Qumar = 65,000 − 30,000 = 35,000
Roopa = 25,000 − 20,000 = 5,000
Seema = 2,40,000 x `1/4` =60,000
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Books of Pinky, Qumar, Roopa and Seema Journal |
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Date |
Particularss |
L.F. |
Amount Rs |
Amount Rs |
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Bank A/c |
Dr. |
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60,000 |
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To Seema Capital A/c |
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60,000 |
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(Seema bring her share of Capital for 1/4 th share of profit) |
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Bank A/c |
Dr. |
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50,000 |
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To Pinky’s Capital A/c |
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10,000 |
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To Qumar’s Capital A/c |
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35,000 |
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To Roopa’s Capital A/c |
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5,000 |
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(Amount brought by Pinky, Qumar and Roopa to make capitalequal to their proportion) |
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संबंधित प्रश्न
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Liabilites |
Amount (Rs) |
Assets |
Amount (Rs) |
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Creditors |
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Land and Buildings |
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|
Bills Payable |
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Capital Accounts |
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Stock |
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