16 :- Aman, Bimal and Deepak are partners sharing profits in the ratio of 2:3:5. The goodwill of the firm has been valued at Rs 37,500. Aman retired. Bimal and Deepak decided to share profits equally in future. Calculate gain/sacrifice of Bimal and Deepak on Aman’s retirement and also pass necessary journal entry for the treatment of goodwill.
Solution :-
WORKING NOTES :-
(a) Calculation of gaining/sacrificing share
New share – old share
Bimal = 1/2 – 3/10 = 2/10
Deepak = 1/2 – 5/10 = 0
Only Bimal’s gains 2/10
(b) Calculation of share of goodwill
Aman = 37,500 x 2/10 = Rs 7,500 (credit)
Bimal = 37,500 x 2/10 = Rs 7,500 (debit)