Question :
A, B, C and D were partners sharing profits in the ratio of 5:3:2:2. B died on 1st March 2018. The goodwill of the firm was valued at Rs. 6,00,000. A, C and D decided to share future profits equally.
Q. D’s capital account will be ----
Option 1: Debited by Rs 50,000
Option 2: Credited by Rs 1,50,000
Option 3: Debited by Rs 1,50,000
Option 4: Debited by Rs 1,00,000
Correct Answer: Debited by Rs 1,00,000
Solution : Answer = Debited by Rs 1,00,000
Total Goodwill of the firm was valued at = 6,00,000
= 6,00,000 × 5/12
= 50,000 × 5 = 2,50,000
G.Ratio = N.R. - O. R.
A= $\frac{1}{3}- \frac{5}{12} = \frac{12-15}{36} = \frac{-3}{36}\times 6,00,000 = 50,000$
C = $\frac{1}{3}- \frac{2}{12} = \frac{12-6}{36} = \frac{6}{36}\times 6,00,000 = 10,000$
D = $\frac{1}{3}- \frac{2}{12} = \frac{12-6}{36} = \frac{6}{36}\times 6,00,000 = 10,000$
D's Capital Account will be Debited = 1,00,000.
Hence, the correct option is 4.
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