15 :- A, B and C are partners sharing profits in the ratio of 3:2:1. B retired and the new profit-sharing ratio between A and C was 2:1. On B’s retirement, the goodwill of the firm was valued at Rs 90,000. Pass necessary journal entry for the treatment of goodwill on B’s retirement.

Solution :-

WORKING NOTES :-
(a) Calculation of their gaining/sacrificing ratio
New ratio – old ratio
A = 2/3 – 3/6 = 1/6
C = 1/3 – 1/6 = 1/6
Thus,gaining ratio of A and C is 1:1

(b) Calculation of share of goodwill
B’s share of goodwill = 90,000 x 2/6 = Rs 30,000 (credit)
A’s share of goodwill = 90,000 x 1/6 = Rs 15,000 (debit)
C’s share of goodwill = 90,000 x 1/6 = Rs 15,000 (debit)

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