5 A, B and Care partners sharing profits in the ratio of 4: 3: 2. D...
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5 A, B and Care partners sharing profits in the ratio of 4: 3: 2. D is admitted for the 2/9th share of profit and brings Rs.18,000 as his capital and the necessary amount for his share of goodwill. The goodwill of the firm is valued at Rs. 2,43,000. The new profit sharing ratio of A, B, C and D will be 3: 2:2: 2. The sacrificing partners withdrew half of their share of goodwill. They withdrew B C D Rs. 13,500, Rs. 13,500 Rs. 6,750, Rs. 6.750 Rs. 6,000, Rs. 4,500, Rs. 3,000 None of these 5 A, B and Care partners sharing profits in the ratio of 4: 3: 2. D is admitted for the 2/9th share of profit and brings Rs.18,000 as his capital and the necessary amount for his share of goodwill. The goodwill of the firm is valued at Rs. 2,43,000. The new profit sharing ratio of A, B, C and D will be 3: 2:2: 2. The sacrificing partners withdrew half of their share of goodwill. They withdrew B C D Rs. 13,500, Rs. 13,500 Rs. 6,750, Rs. 6.750 Rs. 6,000, Rs. 4,500, Rs. 3,000 None of these
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Answer rating: 100% (QA)
Sacrificing Ratio Old ratio New ratio A 49 39 19 B 39 29 19 C 29 29 0 11 Total G... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
Posted Date:
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