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Naman, Aman and Raman are partners sharing profits and losses in the ratio of 2 : 2 : 1. From 1st April 2023, they decide to change the profit-sharing ratio. They pass the following adjustments entry for goodwill in the books:
Date Particulars L.F. Dr. (₹) Cr. (₹)
2023 April 1 Naman’s Current A/c (₹ 2,00,000 ✕ 3/25) Dr. Raman’s Current A/c (₹ 2,00,000 ✕ 2/25) Dr. To Aman’s Current A/c (₹ 2,00,000 ✕ 5/25) (Goodwill adjusted on change in profit sharing ratio) 24,000 16,000 40,000
What will be the new profit-sharing ratio of partners assuming the capitals of partners are fixed? [Ans.: New Profit sharing Ratio – 13 : 7 : 5]
Anurag Pathak Changed status to publish April 29, 2023
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