Kalki and Kumud were partners sharing profits and losses in the ratio of 5:3. On 1st April,2021 they admitted Kaushtubh as a new partner and new ratio was decided as 3:2:1. Goodwill of the firm was valued as ₹3,60,000. Kaushtubh couldn’t bring any amount for goodwill. Amount of goodwill share to be credited to Kalki and Kumud Account’s will be: -
(A) ₹ 37,500 and ₹22,500 respectively
(B) ₹ 30,000 and ₹30,000 respectively
(C) ₹ 36,000 and ₹24,000 respectively
(D) ₹ 45,000 and ₹15,000 respectively
(D) ₹ 45,000 and ₹15,000 respectively
Explanation:
Kumud's old share = `3/8`
Kalki's new share = `3/6`
Kumud's new share = `2/6`
Kaushtubh's new share = `1/6`
Calculation of the sacrificing ratio:
Sacrificing ratio = Old share - New share
For Kalki:
Sacrificing ratio = `5/8` - `3/6`
= `"30 - 24"/"48"`
= `6/48`
For Kumud:
For Kumud:
Sacrificing ratio = `3/8 - 2/6`
= `"18 - 16"/"48"`
= `2/48`
Calculation of goodwill shares:
Goodwill share = Goodwill × Sacrificing ratio
For Kalki:
Calculation of goodwill shares:
Goodwill share = Goodwill × Sacrificing ratio
For Kalki:
Goodwill = Rs 3,60,000 × `6/48`
= Rs 45,000
For Kumud:
For Kumud:
Goodwill = Rs 3,60,000 × `2/48`
= Rs 15,000