Forums | Goodwill

Back

Best Answer

Hope it helps!

Attachments

Naresh Sundar

CA Inter

★ 2K+

16-Nov-22 07:21

Thank u naresh

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 07:30

Won't this be the answer naresh . Just clarifying

Attachments

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 09:21

I am asking for question number 5

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 09:21

Bro in 6th sum, the gainer(i.e. A) should give his share of gain in goodwill to the sacrificer(i.e. C).So, here the entry should be A Capital A/c. Dr. 10,000 To C capital A/c. 10,000 But you did the reverse entry.

Dharani Chakravarthi

CA Final

★ 8K+

16-Nov-22 09:22

Dharani Chakravarthi

Bro in 6th sum, the gainer(i.e. A) should give his share of gain in goodwill to the sacrificer(i.e. C).So, here the entry should be A Capital A/c. Dr. 10,000 To C capital A/c. 10,000 But you did the reverse entry.

@Naresh Sundar

Dharani Chakravarthi

CA Final

★ 8K+

16-Nov-22 09:22

Thread Starter

akhil shihab

Won't this be the answer naresh . Just clarifying

I'm not sure with this method Akhil.

Naresh Sundar

CA Inter

★ 2K+

16-Nov-22 09:28

Dharani Chakravarthi

Bro in 6th sum, the gainer(i.e. A) should give his share of gain in goodwill to the sacrificer(i.e. C).So, here the entry should be A Capital A/c. Dr. 10,000 To C capital A/c. 10,000 But you did the reverse entry.

Yes. It's my mistake. I made reverse entry.

Naresh Sundar

CA Inter

★ 2K+

16-Nov-22 09:29

Dharani Chakravarthi

Bro in 6th sum, the gainer(i.e. A) should give his share of gain in goodwill to the sacrificer(i.e. C).So, here the entry should be A Capital A/c. Dr. 10,000 To C capital A/c. 10,000 But you did the reverse entry.

Yeah a to c only will come

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 09:39

Naresh Sundar

I'm not sure with this method Akhil.

Thanks. Let's wait for someone to answer

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 09:44

Thread Starter

akhil shihab

Won't this be the answer naresh . Just clarifying

I don't think this is applicable, because you should calculate as a whole for all the partners at once.

Dharani Chakravarthi

CA Final

★ 8K+

16-Nov-22 09:45

Dharani Chakravarthi

I don't think this is applicable, because you should calculate as a whole for all the partners at once.

Okay fine dharani. Thank u

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 09:47

Thread Starter

akhil shihab

Thanks. Let's wait for someone to answer

Which question you need answer for?

CA Suraj Lakhotia

Admin

16-Nov-22 10:13

CA Suraj Lakhotia Admin

Which question you need answer for?

For 5th question sir

Thread Starter

akhil shihab

CMA Inter

★ 25

16-Nov-22 10:13

Actually the question is not complete and can be interpreted in multiple ways. Capital of A&B for 3/4 share = 15,000 Total capital should be 20,000 So C share = 1/4 of 20,000 = 5,000 C's goodwill contribution = 35,000 Goodwill of firm = 35,000 x.3 = 140000

CA Suraj Lakhotia

Admin

17-Nov-22 10:09

35000Ã?3 = 105000 sir . 35000Ã?4 = 140000 . Which will be the answer for your solution sir

Thread Starter

akhil shihab

CMA Inter

★ 25

17-Nov-22 10:15

Goodwill

Your Reply

Company

Information

Offerings