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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
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Kalki and Kumud were partners sharing profits and losses in the ratio ...
Sacrifice made by Kalki = 


Sacrifice made by Kumud = 


Sacrificing ratio of Kalki and Kumud = 
= 3 : 1
Goodwill of the firm = ₹3,60,000
Goodwill to be brought in by Kaushtubh = 
= ₹60,000
So, Kalki’s Capital Account will be credited with= 
= ₹45,000
Kumud’s Capital Account will be credited with = 
= ₹15,000
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Most Upvoted Answer
Kalki and Kumud were partners sharing profits and losses in the ratio ...
Kalki and Kumud's profit sharing ratio is 5:3.

On 1st April 2021, Kaushtubh was admitted as a new partner and the new profit sharing ratio became 3:2:1.

To calculate the new share of Kalki, Kumud, and Kaushtubh, we need to find the total profit sharing ratio, which is the sum of the individual ratios: 3 + 2 + 1 = 6.

Kalki's new share can be calculated as (5/8) * (6/6) = 30/48 = 5/8 of the total profit.

Kumud's new share can be calculated as (3/8) * (6/6) = 18/48 = 3/8 of the total profit.

Kaushtubh's new share can be calculated as (1/8) * (6/6) = 6/48 = 1/8 of the total profit.

Now, let's calculate the value of goodwill:

The new ratio of Kalki, Kumud, and Kaushtubh is 3:2:1.

The total ratio of the firm is 6.

The difference between the total ratio and the new ratio is 6 - 3 = 3.

The value of goodwill is 3/6 * 3,60,000 = 1,80,000.

Therefore, the value of goodwill is 1,80,000.

Please note that this calculation assumes that the original partners, Kalki and Kumud, did not bring any additional capital when Kaushtubh was admitted. If they did, the calculation would be slightly different.
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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 respectivelyb)30,000 and 30,000 respectivelyc)36,000 and 24,000 respectivelyd)45,000 and 15,000 respectivelyCorrect answer is option 'D'. Can you explain this answer?
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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 respectivelyb)30,000 and 30,000 respectivelyc)36,000 and 24,000 respectivelyd)45,000 and 15,000 respectivelyCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about 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 respectivelyb)30,000 and 30,000 respectivelyc)36,000 and 24,000 respectivelyd)45,000 and 15,000 respectivelyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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 respectivelyb)30,000 and 30,000 respectivelyc)36,000 and 24,000 respectivelyd)45,000 and 15,000 respectivelyCorrect answer is option 'D'. Can you explain this answer?.
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