question_answer

A and B are partners sharing profits in the ratio of 3:2. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:2:1. Goodwill already appeared in the book is Rs. 50,000. Correct Journal Entry will be:

A)

(a)	A's Capital A/c	Dr.	30,000
	B's Capital A/c	Dr.	20,000
	To Goodwill A/c			50,000

 

B)

(b)	Goodwill A/c	Dr.	50,000
	To A's capital A/c			30,000
	To B's capital A/c			20,000

 

C)

(c)	A's Capital A/c	Dr.	20,000
	B's Capital A/c	Dr.	20,000
	C's Capital A/c	Dr.	10,000
	To Goodwill A/c			50,000

 

D)

(d)	Goodwill A/c	Dr.	50,000
	To A's capital A/c			20,000
	To B's capital A/c			20,000
	To C's Capital A/c			10,000