[amp_mcq option1=”Rs. 15,000″ option2=”Rs. 16,333″ option3=”Rs. 16,667″ option4=”Rs. 17,333″ correct=”option2″]<\/p>\n
The correct answer is: B. Rs. 16,333<\/p>\n
Explanation:<\/p>\n
A and B are partners sharing profit and loss in 2 : 1 ratio. They admitted C who agreed to contribute Rs. 50,000 towards his capital. The future profit sharing ratio of A, B and C is 2 : 3 : 3 respectively. C agreed to transfer Rs. 15,000 for Goodwill from his capital account.<\/p>\n
The amount of goodwill to be brought in by C = Rs. 50,000 x (3\/8) = Rs. 22,500<\/p>\n
The amount of goodwill to be adjusted from A’s capital account = Rs. 22,500 x (2\/5) = Rs. 8,500<\/p>\n
The amount of goodwill to be adjusted from B’s capital account = Rs. 22,500 x (3\/5) = Rs. 14,000<\/p>\n
A’s capital account will be credited by Rs. 16,333 = Rs. 8,500 + Rs. 15,000 – Rs. 15,000.<\/p>\n
Here is a step-by-step solution:<\/p>\n
Goodwill = New Share Capital x Old Share Ratio<\/p>\n
Goodwill = Rs. 50,000 x (3\/8) = Rs. 22,500<\/p>\n
Goodwill to be adjusted = Goodwill brought in x Old Share Ratio<\/p>\n
Goodwill to be adjusted = Rs. 22,500 x (2\/5) = Rs. 8,500<\/p>\n
Goodwill to be adjusted = Goodwill brought in x Old Share Ratio<\/p>\n
Goodwill to be adjusted = Rs. 22,500 x (3\/5) = Rs. 14,000<\/p>\n
Goodwill to be credited = Goodwill to be adjusted + Goodwill brought in – Goodwill transferred<\/p>\n
Goodwill to be credited = Rs. 8,500 + Rs. 15,000 – Rs. 15,000 = Rs. 16,333<\/p>\n","protected":false},"excerpt":{"rendered":"
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