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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
Amar and Samar were partners in a firm sharing profits and losses in 3:1 ratio. They admitted Kanwar for 1/4 share of profits. Kanwar could not bring his share of goodwill premium in cash. The Goodwill of the firm was valued at Rs. 80,000 on Kanwar’s admission. Record necessary journal entry for goodwill on Kanwar’s admission.
Mohan Lal and Sohan Lal were partners in a firm sharing profits and losses in 3:2 ratio. They admitted Ram Lal for 1/4 share on 1.1.2013. It was agreed that goodwill of the firm will be valued at 3 years purchase of the average profits of last 4 years which were Rs. 50,000 for 2013, Rs. 60,000 for 2014, Rs. 90,000 for 2015 and Rs. 70,000 for 2016. Ram Lal did not bring his share of goodwill premium in cash. Record the necessary journal entries in the books of the firm on Ram Lal’s admission when:
a) Goodwill already appears in the books at Rs. 2,02,500.
b) Goodwill appears in the books at Rs. 2,500.
c) Goodwill appears in the books at Rs. 2,05,000.
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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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?
Pass entries in firm's Journal for the following on admission of a partner:
(i) Unrecorded Investments worth ₹ 20,000.
(ii) Unrecorded liability towards suppliers for ₹ 5,000.
(iii) An item of ₹ 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back.
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Pass necessary Journal entries in the books of the firm.
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X and Y are partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2019, they admit Z as a partner for 1/4th share in the profits. Z contributed following assets towards his capital and for his share of goodwill:
Stock ₹ 60,000; Debtors ₹ 80,000; Land ₹ 1,00,000, Plant and Machinery ₹ 40,000.
On the date of admission of Z, the goodwill of the firm was valued at ₹ 6,00,000.
Pass necessary Journal entries in the books of the firm on Z's admission.
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| Profits for the last four years ended 31st March, were | ₹ |
| 2015-16 | 4,00,000 |
| 2016-17 | 5,00,000 |
| 2017-18 | 6,00,000 |
| 2018-19 | 7,00,000 |
Additional Information:
1. Closing Stock for the year ended 31st March, 2018 was overvalued by ₹ 50,000.
2. ₹ 1,00,000 should be charged annually to cover management cost.
Pass necessary Journal entries on Payal's admission.
A and B are partners in firm sharing profits in the ratio of 4 : 3. They admit C as a new partner. New Ratio will be 2 : 3 : 1. Sacrificing ratio will be:
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The firm number of partners increase:
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Complete the following sentence.
______ of a partner is a mode of reconstituting the firm.
A and B are partners sharing profit in the ratio of 3 : 2. They admit C as a partner by giving him `1/3`rd share in future profits. The new ratio will be:
Pick the odd one out:
A, B and C are partners in a firm. If D is admitted as a new partner:
