Answer:
JOURNAL
Working Notes Gaining Ratio = New Share ? Old Share 1. Ajay?s Gain\[\,=\,\frac{3}{5}-\frac{4}{8}=\frac{24-20}{40}=\frac{4}{40}'\] Vijay?s Gain \[=\,\frac{2}{5}-\frac{1}{8}=\frac{16-5}{40}=\frac{11}{40}\] Gaining Ratio of Ajay and Vijay\[=\frac{4}{40}:\frac{11}{40}=4:11\] 2. Average Profit of 4 Years \[=\frac{Rs.\,80,000+Rs.\,10,000+(Rs.\,10,000)+Rs.\,40,000}{4}=30,000\] \[Firm's\,Goodwill\,=\,Rs.\,30,000\times 2=\,Rs.\,60,000\] Pranav?s Share of Goodwill \[=\,Rs.\,60,000\times 3/8=Rs.\,22,500\] Date Particular LF Amt (Dr) Amt (Cr) 2017 June 30 Ajay?s Capital A/c Dr 6,000 Vijay?s Capital A/c Dr 16,500 To Pranav?s Capital A/c 22,500 (Being the Pranav?s share of goodwill credited to Pranav and debited to Ajay and Vijay in their gaining ratio of 4 : 11)
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