___ 3.

35
oN0F APAR~~ _ _ _ _ _ _ _ _ _ _ _ _ _ -- -- -
AD
--
.,,,,.
-
----- -~ -- -- -- ~

'oitJTION:
S •00 of New Profit Sharing Ratio
:
1
caJcll a Shafe
0
= Old Share - Sacrifice Share
! !_ ! each
sacrifice of C and D 2x3- 6
-
1
A's New Share 4
1
B's New Share 4
1 1 3-2 1
C's New Share - 4 - 6 - 12 - 12
1 1 3-2 1
D's New Share - 4 - 6 = 12 - 12
1 1-·1-·•-· 1 -I 3:3 :1: 1:4
= -· • 12 •3
New ratio of A, B, C, D &E 4 • 4 • 12
Books of A, B, C, D and E
(b) JOURNAL
Parti~ars . I
Dr. 1,00,000 j
E's Current Ale 50,000,
To C's Capital Ale
j

50,0001
To D's Capital Ale f
(Goodwill adjustment on E's admission)
J

JLLUSTRA TION 37.

profits and losses in the ratio of
Benu and Leena are partners in a firm sharing
partners.
5 : 3. They admit Deepa and Erica as two new
: 2 : 2 : 3.
The new profit sharing ratio is decided to be 3
as capital.
Both the new partners introduce f 1,00,000 each
of goodwill but Erica is unable to
Deepa pays f 40,000 in cash for her share
ll.
contribute any amount for her share of goodwi
n, the firm had an Advertisement
At the time of Deepa's and Erica's admissio
off.
Suspense Account off 56,000 which is written
ies to record the above adjustments
You are required to pass necessary journal entr (LS. C. 2023)
at the time of admission of Deepa and Erica.
''

SOLUTION: JOURNAL
. Particulars :.•. • 'LF. f Dr. (

Bank Ale Dr. 2,40,000 I

1,00,000I'
To Deepa's Capital Ale
. .1~00,0001
To Erica's Capital Ale I • '
40,000,
To Premium for Goodwill Ale
! (Capital contributed by Deepa & Erica and Dee
pa 1
r cont
.. _ _ ribut
_ ing_her_shar
_ of _ _ _ _ _ •_ __J
good
e ___.::, will) _
c.._.