Partnership a/c

this is simple :

it is nothing but new ratio -old ratio

5/8-4/9 =13/72

3/8-2/9=11/72...

good will to be paid to  him in the following

a a/c dr      10800*13/24 5850

c a/c dr 10800*11/244950

      to b a/c  10800

I think the ratio wich is given i.e 5:3 is the gain ratio and therefore its not the new profit sharing ratio...

Hi Anand, the guestion has some typing errors ( in institutes module). the correct question is as under 

A,B and C are partners with PSR of 4:3:2. B retires and Goodwill is valued at 10,800. If A and C share future profits in 5:3, find the gain ratio.

here the new PSR is slready given in the question, hence u need to calculate Gain ratio as "new PSR - Old PSR". In case u have any further doubt, revert back to me.

Regards, CA Shakuntala Chhangani

I got it now.... Thanks Mam..