F2M9 Partership

Question 1

Partnership -Admission

Answer 1

Exact
Bonus
Goodwill

Question 2

Exact method

Answer 2

A=20
B=30
C=50
How much D has to contribute to get 25%
=100/3=33

Question 3

Bonus Method

Answer 3

New partner pays more

A:B 60:40
A=30000
B=10000
C-35000 New partner with equal share 1/3

=30+10+35=75/3=25

35-25=10
Bonus 6000, 4000 goes to A& B
Cash 35000
    To A's capital 6000
      To B's            4000
      To C's          25000

New partner pays less
C pays 14000

=30+10+18=48/3=18

18-14=4 less
A=2400 loss
B=1600 loss

So bonus to C

Cash 14000
As capital - 2400
Bs capital-1600
To C capital-18000

Question 4

Goodwill Method

Answer 4

A:B 60:40
A=30000
B=10000
C-35000 New partner with equal share 1/3

=35000*3=105000
=30+10+40=75000
=105000-75000=30000 Goodwill
Goodwill to 
A=18000
B 12000