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प्रश्न
A and B are in partnership sharing profits and losses as 3 : 2. C is admitted for 1/4th share. Afterwards D enters for 20 paise in the rupee. Compute profit-sharing ratio of A, B, C and D after D's admission.
उत्तर
Old Ratio = A : B = 3 : 2
C’s admitted for `1/4` share of profit
Let the combined share of profit of all partners be = 1
Combined share of A and B after C’s admission = 1 − C’s share
= 1 - `1/4 = 3/4`
New Ratio = Old Ratio × Combined share of A and B
A's = `3/5 xx 3/4 = 9/20`
B's = `2/5 xx 3/4 = 6/20`
New Profit Sharing Ratio after C's admission = A : B : C
= `9/20 : 6/20 : 1/4`
= `[9 : 6 : 5]/20` = 9 : 6 : 5.
Profit sharing ratio after C’s admission will become old ratio to determine the ratio after D’s admission
Ratio before D's admission = A : B : C = 9 : 6 : 5
D is admitted for `20/100` share of profit
Let combined share of all partners after D’s admission = 1
Combined share of A, B and C after D’s admission = 1 − D’s share
= 1 - `20/100`
=`80/100`
New Ratio = Old Ratio × Combined share of A, B, and C
A's = `9/20 xx 80/100 = 72/200`
B's = `6/20 xx 80/100 = 48/200`
C's = `5/20 xx 80/100 = 40/200`
New Profit Sharing ratio after C's admission = A : B : C : D
= `72/200 : 48/200 : 40/200 : 20/100`
= `[72 : 48 : 40 : 40]/200`
= 9 : 6 : 5 : 5.
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संबंधित प्रश्न
Arti and Bharti are partners in a firm sharing profits in 3:2 ratio, They admitted Sarthi for 1/4 share in the profits of the firm. Sarthi brings Rs. 50,000 for his capital and Rs. 10,000 for his 1/4 share of goodwill. Goodwill already appears in the books of Arti and Bharti at Rs. 5,000. the new profit sharing ratio between Arti, Bharti and Sarthi will be 2:1:1. Record the necessary journal entries in the books of the new firm?
X and Y are partners in a firm sharing profits and losses in 4:3 ratio. They admitted Z for 1/8 share. Z brought Rs. 20,000 for his capital and Rs. 7,000 for his 1/8 share of goodwill. Subsequently X, Y and Z decided to show goodwill in their books at Rs. 40,000. Show necessary journal entries in the books of X, Y and Z?
Leela and Meeta were partners in a firm sharing profits and losses in the ratio of 5:3. In April 2017 they admitted Om as a new partner. On the date of Om’s admission the balance sheet of Leela and Meeta showed a balance of Rs 16,000 in general reserve and Rs 24,000 (Cr) in Profit and Loss Account. Record necessary journal entries for the treatment of these items on Om’s admission. The new profit sharing ratio between Leela, Meeta and Om was 5:3:2.
A and B share profits in the proportions of 3/4 and 1/4. Their Balance Sheet on March 31, 2016 was as follows:
|
Balance Sheet of A and B as on March 31, 2016 |
||||
|
Liabilites |
Amount (Rs) |
Assets |
Amount (Rs) |
|
|
Sundry creditors |
41,500 |
Cash at Bank |
26,500 |
|
|
Reserve fund |
4,000 |
Bills Receivable |
3,000 |
|
|
Capital Accounts |
|
Debtors |
16,000 |
|
|
|
A |
30,000 |
Stock |
20,000 |
|
|
B |
16,000 |
Fixtures |
1,000 |
|
|
|
Land & Building |
25,000 |
|
|
|
91,500 |
|
91,500 |
|
On April 1,2017, C was admitted into partnership on the following terms:
- That C pays Rs 10,000 as his capital.
- That C pays Rs 5,000 for goodwill. Half of this sum is to be withdrawn by A and B.
- That stock and fixtures be reduced by 10% and a 5%, provision for doubtful debts be created on Sundry Debtors and Bills Receivable.
- That the value of land and buildings be appreciated by 20%.
- There being a claim against the firm for damages, a liability to the extent of Rs 1,000 should be created.
- An item of Rs 650 included in sundry creditors is not likely to be claimed and hence should be written back.
Record the above transactions (journal entries) in the books of the firm assuming that the profit sharing ratio between A and B has not changed. Prepare the new Balance Sheet on the admission of C.
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|
Liabilites |
Amount (Rs) |
Assets |
Amount (Rs) |
||
|
Creditors |
|
9,000 |
Land and Buildings |
24,000 |
|
|
Bills Payable |
|
3,000 |
Furniture |
3,500 |
|
|
Capital Accounts |
|
|
Stock |
14,000 |
|
|
|
Arun |
19,000 |
|
Debtors |
12,600 |
|
|
Bablu |
16,000 |
|
Cash |
900 |
|
|
Chetan |
8,000 |
43,000 |
|
|
|
|
|
55,000 |
|
55,000 |
|
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