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Manav and Nath were partners sharing profits and losses in the ratio of 5 : 3. Narayan was admitted as a partner for 1/6th share in the profits. Narayan was unable to bring his share of goodwill premium in cash. The Journal entry recorded for goodwill premium is given below:

Date  Particulars L.F Dr. (₹) Cr. (₹)
Narayan’s Capital A/c Dr.
To Manav’s Capital A/c
To Nath’s Capital A/c
50,000 15,000
35,000

The sacrificing ratio of Manav and Nath will be

a) 4 : 7

b) 3 : 7

c) 7 : 3

d) 5 : 3

Anurag Pathak Changed status to publish June 1, 2023
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