Answer:
JOURNAL
Working Note Sacrificing Ratio = Old Share - New Share \[AK=\frac{5}{6}-\frac{1}{3}=\frac{5-2}{6}=\frac{3}{6}Sacrifice\] \[BK=\frac{1}{6}-\frac{1}{3}=\frac{1-2}{6}=\left( \frac{1}{6} \right)gain\] \[BK\,will\,Compensate=60,000\times \frac{3}{1}\times \frac{1}{6}=Rs.\,30,000\] Date Particulars LF Amt (Dr) Amt (Cr) Bank A/c Dr 60,000 To Premium for Goodwill A/c 60,000 (Being amount of premium brought in by CK) Premium for Goodwill A/c Dr 60,000 BK's Capital A/c Dr 30,000 To AK's Capital A/c 90,000 (Being sacrificing partner's account is credited with his share of sacrifice)
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