Aman, Govind and Guru were partners in a firm sharing profits and l th losses in the ratio of 3: 2: 1. Sudarshan was admitted for share in 4 the…

Calculation of New Capitals of partners: New Firm’s Capital ₹$\displaystyle 3,60,000$ in new ratio $\displaystyle 9$:$\displaystyle 5$:$\displaystyle 4$:$\displaystyle 6$ Aman = $\displaystyle 9$/$\displaystyle 24$ x $\displaystyle 3,60,000$= ₹$\displaystyle 1,35,000$ Govind =$\displaystyle 5$/$\displaystyle 24$ x $\displaystyle 3,60,000$= ₹$\displaystyle 75,000$ Guru =$\displaystyle 4$/$\displaystyle 24$ x $\displaystyle 3,60,000$= ₹$\displaystyle 60,000$ Sudarshan =$\displaystyle 6$/$\displaystyle 24$ x $\displaystyle 3,60,000$ =₹$\displaystyle 90,000$ Books of Aman, Guru, Govind & Sudarshan Journal Date Particulars L.F Dr. Amount Cr. Amount ₹ ₹ Cash A/c / Bank A/c Dr. $\displaystyle 1,80,000$ To Sudarshan’s Capital A/c $\displaystyle 90,000$ To Aman’s Capital A/c $\displaystyle 75,000$ To Guru’s Capital A/c $\displaystyle 15,000$ (Cash brought in by Sudarshan for capital and by Aman & Guru for capital adjustment) Govind’s Capital A/c Dr. $\displaystyle 5,000$ To Cash A/c $\displaystyle 5,000$ (Cash paid to Govind) Working notes: Calculation of amount of cash to be brought into the firm or to be paid to the partners: Aman Govind Guru New capital ₹$\displaystyle 1,35,000$ ₹$\displaystyle 75,000$ ₹$\displaystyle 60,000$ Adjusted capital ₹$\displaystyle 60,000$ ₹$\displaystyle 80,000$ ₹$\displaystyle 45,000$ Brought ₹$\displaystyle 75,000$ Paid ₹$\displaystyle 5,000$ Brought ₹$\displaystyle 15,000$