QUERY ON CPT ACCOUNTS

amt of capital will be credited to c's cap. a/c and amt of goodwill will be shared amoung old patners in their sacrificing ratio;

                                  sacrificing ratio=old ratio-new ratio

hence sacrificing ratio =4;1

a'capital a/c will be credited =8000

b's capital a/c will be credited=2000

Amt of goodwill will be shared among old patners in their sacrificing ratio;

amount of goodwill will be shared among A & B in sacrificing ratio

scrificing ratio = old ratio - new ratio.

which will be for A = 3/5 - 1/3 = 4/15

and for B = 2/5 - 1/3 = 1/15

therefore sacrificing ratio = 4:1

divide Rs. 10000 (C's share of goodwill) among A & B in 4:1

therefore entries will be

Cash/Bank A/c Dr.            35000

To C's Capital A/c                           25000

To Premium                                     10000

& for distribution of premium

Premium (Goodwill) A/c Dr.                  10000

To A's Capital A/c [(4/5) * 10000]                                8000

To B's Capital A/c (1/5) * 10000]                                 2000

amt of premium wud b shared by xisting parteners in sacrificing ratio..

sac by A=3/5-1/3 = 4/15

sac by B=2/5-1/3 = 1/15

sacrificing ratio = 4:1 {ratio in which amt wud b shared by xisting parteners}

amt distributed to A n B :

prmium to A = 4/5 x 10000 = 8000

premium to B = 1/5 x 10000 = 2000