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 new user student [ Scorecard : 54] A and B are partners in a business sharing profits in the ratio of 5:3.They admit c as a partner with one-fourth share in the profits which he acquires three-fourth from B.He pays rs.4,000 as his share of goodwill.A and b will be credited by? ashish gupta student [ Scorecard : 1884] A by Rs. 1000 and B by Rs. 3000/- Member (Account Deleted) [ Scorecard : 557] A and B will be credited for their sacrifice in their sacrificing ratio i.e A by Rs.1000 and B by Rs.3000 and the gaining partner C,'s capital a/c will be debited in his gaining ratio..this entry is used in the situation where effect is given in the books for goodwill without opening goodwill account Member (Account Deleted) [ Scorecard : 557] Another alternative treatment is debit goodwill a/c and credit A and B's A/c in their old ratio and write off goodwill by debiting All 3 new partner's capital A/c in the new ratio and credit Goodwill A/c Himanshu Bansal CA Final & Article [ Scorecard : 1659] A and B Will be credited in their sacrifice Ratio.,which works out ot be 1:3 Hence,A Will be credited by Rs.1000 and B by Rs.3000. new user student [ Scorecard : 54] Thanks for the answer but can someone please solve problem in detail . CA Bhanu sharma student [ Scorecard : 117] A and B are partners in a business sharing profits in the ratio of 5:3.They admit c as a partner with one-fourth share in the profits which he acquires three-fourth from B.He pays rs.4,000 as his share of goodwill.A and b will be credited by?  A & B WILL BE CREDITED BY 1000 AND 3000 RESPECTIVELY i.e. in there sacrificing ratio which comes out to be 1:3 CALCUATION:- B'S SACRIFICE = 1/4{C'S SHARE} * 3/4{FROM B BY C} = 3/16 A'S SACRIFICE = 1/4{C'S SHARE} * 1/4{REMAINING FROM A BY C} = 1/16 SACRIFICING RATIO = 1/16:3/16 OR 1:3

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