(12) Change in Profit Sharing Ratio
Accounting Treatment in
Goodwill when there is change in the profit sharing ratio of existing partners.
(ਸ਼ਾਖ ਦਾ ਸਮਾਯੋਜਨ)
ਜੇਕਰ ਇੱਕ ਫਾਰਮ ਦੇ ਸਾਂਝੇਦਾਰ ਲਾਭ-ਵੰਡ ਅਨੁਪਾਤ ਨੂੰ ਤਬਦੀਲ ਕਰਨ ਦਾ ਫੈਸਲਾ ਕਰਦੇ ਹਨ ਤਾਂ Gaining Partners ਫ਼ਰਮ ਦੀ ਸ਼ਾਖ ਦਾ ਅਨੁਪਾਤਿਕ
ਹਿੱਸਾ ਅਦਾ ਕਰਕੇ ਤਿਆਗ ਕਰਨ ਵਾਲੇ ਸਾਂਝੇਦਾਰ ਦੀ ਹਾਨੀ ਪੂਰਤੀ ਕਰਦਾ ਹੈ:
ਇਸਨੂੰ ਅਸੀਂ ਇੱਕ ਉਦਹਾਰਨ ਰਾਹੀਂ ਸਮਝਦੇ ਹਾਂ
P, Q & R three partners in a firm,
profit sharing ratio is equally. They decided that their future ratio will be
2:2:1, firm's goodwill is valued at Rs. 3, 00,000. Make the necessary journal
entry for the treatment of goodwill.
Solution
Old
Ratio =1: 1: 1 New Ratio= 2: 2: 2
3 3
3
5 5 5
Sacrifice
or Gain P= 1 -2 = 5-6 = 1 (Gain)
3 5
15 15
Q= 1 -2 = 5-6 = 1 (Gain)
3 5
15 15
R= 1 – 1 = 5-3 = 2
(Sacrifice)
3 5
15 15
|
Date |
Particulars |
L.F. |
Dr.
Amount |
Cr.
Amount |
|
|
P’s
Capital A/c(1/15 of 3,00,000) Dr. Q's
Capital A/c (1/15 of 3, 00,000) Dr. To
R's Capital A/c (2/15 of 3, 00,000) (R
compensated by P and Q for the sacrifice made by him) |
|
20,000 20,000 |
40,
0000 |
Accounting treatment of
Reserves and accumulated profits:
(i) When Reserves and Accumulated Profits/Losses
are to be transferred to Capital Accounts/Current Accounts
Reserve
Account Dr.
Profit
& Loss Account Dr.
Workmen's
Compensation Reserve Account Dr.
Investment
Fluctuation Reserve Account Dr.
To
Old Partner's Capital Accounts or (in old Ratio)
Old
Partner's Current Accounts
Note: Excess of
WCR over Actual Liability
Excess of IFR over
Difference between Book value and Market value
(ii) For transfer of Accumulated Losses
Old
Partner's Capital Accounts or Dr. (in old Ratio)
Old
Partner's Current Accounts
To
Profit & Loss Account
To
Advertisement Suspense Account
