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प्रश्न
What is the purpose of calculating gaining ratio?
उत्तर
The purpose of finding the gaining ratio is to bear the goodwill to be paid to the retiring partner.
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संबंधित प्रश्न
A, B and C are partners sharing profits in the ratio of 4:2:3. C retires. The new profit sharing ratio between A and B will be ______.
X, Y and Z were partners sharing profits and losses equally. X died on 1st April 2019. Find out the share of X in the profit of 2019 based on the profit of 2018 which showed ₹ 36,000.
What is gaining ratio?
Kayal, Mala and Neela are partners sharing profits in the ratio of 2:2:1. Kayal retires and the new profit sharing ratio between Nila and Neela is 3:2. Calculate the gaining ratio.
Sunil, Sumathi and Sundari are partners sharing profits in the ratio of 3:3:4. Sundari retires and her share is taken up entirely by Sunil. Calculate the new profit sharing ratio and gaining ratio.
Ramu, Somu and Gopu are partners sharing profits in the ratio of 3:5:7. Gopu retires and the share is purchased by Ramu and Somu in the ratio of 3:1. Find the new profit sharing ratio and gaining ratio.
Navin, Ravi and Kumar are partners sharing profits in the ratio of 1/2, 1/4 and 1/4 respectively. Kumar retires and his share is taken up by Navin and Ravi equally. Calculate the new profit sharing ratio and gaining ratio.
Mani, Gani and Soni are partners sharing the profits and losses in the ratio of 4:5:6. Mani retires from the firm. Calculate the new profit sharing ratio and gaining ratio.
Saran, Arun, and Karan are partners in firms sharing profits and losses in the ratio of 4:3:3. The balance sheet as of 31.12.2016 was as follows:
| Liabilities | ₹ | Assets | ₹ | ||
| Capital accounts: | Buildings | 60,000 | |||
| Saran | 60,000 | 1,50,000 | Machinery | 40,000 | |
| Arun | 50,000 | Investment | 20,000 | ||
| Karan | 40,000 | Stock | 12,000 | ||
| Creditors | 35,000 | Debtors | 25,000 | 24,000 | |
| General reserve | 15,000 | Less: Provision for bad debts | 1000 | ||
| Cash at bank | 44,000 | ||||
| 2,00,000 | 2,70,000 |
Karan retires on 1.1.2017, subject to the following conditions:
- Goodwill of the firm is valued at ₹ 21,000 %
- Machinery to be appreciated by 10%
- Building to be valued at ₹ 80,000
- provision for bad debts to be raised to ₹ 2,000
- Stock to be depreciated by ₹ 2,000
- The final amount due to Karan is not paid immediately.
Prepare the necessary ledger accounts and show the balance sheet of the firm after retirement.
Rajesh, Sathish and Mathan are partners sharing profits and losses in the ratio of 3:2:1 respectively. Their balance sheet as on 31.3.2017 is given below.
| Liabilities | ₹ | Assets | ₹ | |
| Capital accounts: | Premises | 4,00,000 | ||
| Rajesh | 4,00,000 | 9,50,000 | Machinery | 4,20,000 |
| Sathish | 3,00,000 | Debtors | 1,60,000 | |
| Mathan | 2,50,000 | Stock | 3,00,000 | |
| General reserve | 1,20,000 | Cash at bank | 20,000 | |
| Creditors | 50,000 | |||
| Bills payable | 1,80,000 | |||
| 13,00,000 | 13,00,000 |
Mathan retires on 31st March, 2017 subject to the following conditions :
- Rajesh and Sathis will share profits and losses in the ratio of 3:2
- Assets are to be revalued as follows;
Machinery ₹ 4,50,000, Stock ₹ 2,90,000 , Debtors ₹ 1,52,000 - Goodwill of the firm is valued at ₹ 1,20,000.
Prepare the necessary ledger accounts and the balance sheet immediately after the retirement of Mathan.
