मराठी

Kumar, Lakshya, Manoj and Naresh Are Partners Sharing Profits in the Ratio of 3 : 2 : 1 : 4. - Accountancy

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प्रश्न

Kumar, Lakshya, Manoj and Naresh are partners sharing profits in the ratio of 3 : 2 : 1 : 4. Kumar retires and his share is acquired by Lakshya and Manoj in the ratio of 3 : 2. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.

संख्यात्मक

उत्तर

Kumar's Share = `3/10 "(acquired by Lakshya and Manoj in 3 : 2)"`

Share Acquired by Lakshya = `3/10 xx 3/5 = 9/50`

Share Aquired by Manoj = `3/10 xx 2/5 = 6/50`

Lakshya's New Share = `2/10 + 9/50 = 19/50`

Manoj's New Share = `1/10 + 6/50 = 11/50`

Naresh's Share (as retained) = `4/10 or 20/50`

New Profit Sharing Ratio = `19 : 11 : 20`

Gaining Ratio = 3:2 (as given in the question)

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Retirement and Death of a Partner - Gaining Ratio
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: Retirement/Death of a Partner - Exercises [पृष्ठ ७८]

APPEARS IN

टीएस ग्रेवाल Accountancy - Double Entry Book Keeping Volume 1 [English] Class 12
पाठ 6 Retirement/Death of a Partner
Exercises | Q 7 | पृष्ठ ७८

संबंधित प्रश्‍न

Distinguish between sacrificing ratio and gaining ratio.


A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. A retires, assuming B and C will share profits in the ratio of 2 : 1. Determine the gaining ratio.


X, Y and Z are partners sharing profits in the ratio of 1/2, 3/10, and 1/5. Calculate the gaining ratio of remaining partners when Y retires from the firm.


(a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y retires and W, X and Z decide to share the profits and losses equally in future.
Calculate gaining ratio.
(b) A, B and C are partners sharing profits and losses in the ratio of 4 : 3 : 2. C retires from the business. A is acquiring 4/9 of C's share and balance is acquired by B. Calculate the new profit-sharing ratio and gaining ratio.


P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.


Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favour of Naveen and remaining share in favour of Omprakash. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.


A, B and C are partners in a firm, sharing profits and losses as A 1/3, B 1/2 and C 1/6 respectively. The Balance Sheet of the firm as at 31st March, 2019 was:

Liabilities Assets
Capital A/cs:   Building 50,000
A 30,000   Plant and Machinery 40,000
B 40,000   Furniture 10,000
C     25,000  95,000 Stock    25,000
General Reserve   16,000 Debtors                18,000  
Sundry Creditors   25,000 Less: Provision for Doubtful Debts 500 17,500
Loan Payable 15,000 Cash in Hand 8,500
  1,51,000   1,51,000

 ​C retires on 1st April, 2019 subject to the following adjustments:
(a) Goodwill of the firm be valued at ₹ 24,000. C's share of goodwill be adjusted into the accounts of A and B who are going to share in future in the ratio of 3 : 2.
(b) Plant and Machinery to be reduced by 10% and Furniture by 5%.
(c) Stock to be appreciated by 15% and Building by 10%.
(d) Provision for Doubtful Debts to be raised to ₹ 2,000.
Pass Journal entries to record the above transactions in the books of the firm and show the Profit and Loss Adjustment Account, Capital Account of C and the Balance Sheet of the firm after C's retirement.

 


Choose the appropriate alternative from the given options:
Saurabh, Shirin, and Somesh are partners in firm sharing profits and losses in the ratio of 3: 2: 1. Somesh retires and the new profit sharing ratio between Saurabh and Shirin is 3: 2. The gaining ratio between Saurabh and Shirin will be :


Answer the following question:
What is meant by 'Gaining Ratio' on the retirement of a partner?


Ranjana, Sadhna and Kamana are partners sharing profits in the ratio 4:3:2. Ranjana retires; Sadhna and Kamana decided to share profits in future in the ratio of 5:3. Calculate the Gaining Ratio?


Retiring partner is compensated for parting with the firm's future profits in favour of the remaining partners. The remaining partners contribute to such compensation amount in:


A , B, and C were partners sharing profits and losses in the ratio of 4: 3: 1. B retires and gives her share of profit to A for ₹ 7,200 and to C for ₹ 6,000. The gaining ratio of A and C will be ______.


Viraj, Harsh and Akhil are partners in a firm sharing profits and losses in the ratio of 4/9 : 1/3 : 2/9. Akhil dies on 31st March, 2022. Viraj acquires 4/9 of Akhil's share and the balance is acquired by Harsh.

On the date of Akhil's death, it was decided to value the goodwill of the firm on the basis of two year's purchase of average super profit.

The average net profit made by the firm is ₹ 49,000 per annum.

The remuneration of the partners, considered as management cost, is estimated to be ₹ 9,000 per annum.

The total value of assets and liabilities of the firm is ₹ 2,20,000 and ₹ 80,000 respectively.
The normal rate of return in the industry is 15%.

You are required to calculate:

  1. The gaining ratio of the continuing partners.
  2. The value of non-purchased goodwill of the firm.

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