Pls love q24 passing entries and balance sheet.

Dear Student 



Working Notes :
Old ratio of A , B and C = 3:2:1
New ratio of A, B and C = 1:1:1

Calculation of sacrificing ratio or Gaining Ratio 
Sacrificing ratio  = old ratio - new ratio
A = 3/6 - 1/3 = 1/6 ( Sacrificing)
B = 2/6 - 1/3 = 0
C = 1/6- 1/3= -1/6 (gain)

C will compensate A, since he is gaining
A will get = 150000×1/6 = 25000

​​​​​
Regards 
 

  • 0
What are you looking for?