Partnership Admission A/c. (F.Y.Bcom.

)
Solution.2
P & L Adjustment A/c. Note :1
Particulars Amt. Particulars Amt. Goodwill of the firm = 10000
B.D. Reserve 1000 Building 5000 Share of Kalpesh = 1/5
Lease Land 2000 10000 x 1/5 = 2000 brought by Kalpesh for Goodwill
Alpesh 1500 Alpesh Bhupesh Kalpesh
Bhupesh 500 2000 Old Ratio 3 1
5000 5000 Share of Kalpesh 1/5
New Ratio = Not Given & Sac. Ratio = Not Given
Cash A/c. Old Ratio = Sac. Ratio
Particulars Amt. Particulars Amt. Sac. Ratio = 3:1
Opening Balance 9000 2000 x = 1500 Share of Alpesh in Goodwill
Goodwill 2000 2000 x = 500 Share of Bhupesh in Goodwill
Kalpesh Cap. A/c. 8000 Note :2 Old Share - New Share = Share Sacrificed
19000 19000 - 13/20 = 15-13/20 = 2/20
Balance Sheet - 3/20 = 5-3/20 = 2/20
Sacrificed Ratio = 2/20 : 2/20 = 1:1
Particulars Amt. Particulars Amt.
Goodwill brought by Kalpesh Rs.2000 will be received by Alpesh
Capital :- Building 15000 & Bhupesh in the ratio of 1 : 1.
Alpesh 21000 Debtors 5000 2000 x = 1000 Share of Alpesh
Bhupesh 12000 B.D. Reserve 1000 4000 2000 x = 1000 Share of Bhupesh
Kalpesh 8000 Lease Land 18000 Bank Dr. 2000
Creditors 15000 (20000 2000) To Goodwill 2000
Bills Payable 10000 Stock 10000 Good will Dr. 2000
Cash B/S 19000 To Alpesh Cap. 1000
66000 66000 To Bhupesh Cap. 1000

Capital A/c.
Particulars Alpesh Bhupesh Kalpesh Particulars Alpesh Bhupesh Kalpesh
Opening Balance 15000 10000
Reserve Fund 3000 1000
P & L Adjustment A/c. 1500 500
Goodwill 1500 500
Closings B/S 21000 12000 8000 Cash A/c. 8000
21000 12000 8000 21000 12000 8000