question_answer

A and B are partners sharing profits in the ratio of 5:3. They decided to admit Rishi as a new partner and new profit sharing ratio is 3:2:3. Rishi Paid Rs. 24,000 as his share of goodwill and 30% of the amount of goodwill is withdrawn by sacrificing partners. Journal entry for premium withdrawn will be:

A)

(a)	A's capital A/c		Dr.	4800
	B's Capital A/c		Dr.	2400
		To Goodwill A/c			7200

 

B)

(b)	A's capital A/c		Dr.	4800
	B's Capital A/c		Dr.	2400
		To Cash A/c			7200

C)

(c)	A's capital A/c		Dr.	9000
	B's Capital A/c		Dr.	6000
	C's Capital A/c		Dr.	9000
		To Goodwill A/c			24,000

D)

(d)	A's capital A/c		Dr.	9,000
	B's Capital A/c		Dr.	6,000
	C's Capital A/c		Dr.	9,000
		To Cash A/c			24,000