please help immediately
Solution:
Answer 4
Average profit= (-50,000 + 1,20,000 - 10,000 + 3,00,000 + 3,40,000)/5
7,00,000/5
1,40,000
Goodwill = average profit × number of years purchase
= 1,40,000 × 2
= 2,80,000
C option is correct.
Answer 6:
option c is correct.
When new partners doesn't bring his share of goodwill not bring .then journal entry is:
New partners's capital A/c Dr.
To sacrificing partner capital A/c
Answer 7:
Sacrificing ratio = old ratio - new ratio
Answer 4
Average profit= (-50,000 + 1,20,000 - 10,000 + 3,00,000 + 3,40,000)/5
7,00,000/5
1,40,000
Goodwill = average profit × number of years purchase
= 1,40,000 × 2
= 2,80,000
C option is correct.
Answer 6:
option c is correct.
When new partners doesn't bring his share of goodwill not bring .then journal entry is:
New partners's capital A/c Dr.
To sacrificing partner capital A/c
Answer 7:
Sacrificing ratio = old ratio - new ratio
Poonam = (5/10) - (3/6)
= (15 - 15)/30
= 0
Pooja = (3/10) - (2/6)
= (9 - 10)/30
= -1/30
Priya = (2/10) - (1/6)
= (6 - 5)/30
= 1/30
Pooja is gaining as there is negative sign
So, option b is correct.
Note: for the question number 3,and 5 old ratio of A and B is required. But old ratio is Missing in the question. You are requested to check the question and post the thread again for the remaining parts.
= (15 - 15)/30
= 0
Pooja = (3/10) - (2/6)
= (9 - 10)/30
= -1/30
Priya = (2/10) - (1/6)
= (6 - 5)/30
= 1/30
Pooja is gaining as there is negative sign
So, option b is correct.
Note: for the question number 3,and 5 old ratio of A and B is required. But old ratio is Missing in the question. You are requested to check the question and post the thread again for the remaining parts.