Pls solve q6 fast
Dear Student,
The answer is Option(c): Rs. 1,20,000
Ashish brought 3/4 of his share of goodwill in cash. So, assuming that amount withdrawn by Vinay is 3/4 of his share of the premium.
Therefore, Ashish's total share over premium = 90,000 x 4/3 = Rs. 1,20,000.
Sacrifising ratio= 3:1
Hence, Vinay's sacrifising share = 1/4
Therefore, the total premium to be brought by Ashish = 1,20,000 x 4 = Rs. 4,80,000
Premium brought by him in cash = 3/4 of 4,80,000 = 3,60,000
Hence, amount debited to his current A/c = Rs. 1,20,000
Notes:
Calculation of sacrificing ratio:
Ashish's share = 1/3
Remaining Share = 2/3
Rahul's new share = (3/4)x(2/3) = 6/12
Vinay's New Share = (1/4)x(2/3) = 2/12
Rahul's sacrifice = 3/4 - 6/12 = 3/12
Vinay's sacrifice = 1/4 - 2/12 = 1/12
Sacrifising ratio = 3:1
Regards
The answer is Option(c): Rs. 1,20,000
Ashish brought 3/4 of his share of goodwill in cash. So, assuming that amount withdrawn by Vinay is 3/4 of his share of the premium.
Therefore, Ashish's total share over premium = 90,000 x 4/3 = Rs. 1,20,000.
Sacrifising ratio= 3:1
Hence, Vinay's sacrifising share = 1/4
Therefore, the total premium to be brought by Ashish = 1,20,000 x 4 = Rs. 4,80,000
Premium brought by him in cash = 3/4 of 4,80,000 = 3,60,000
Hence, amount debited to his current A/c = Rs. 1,20,000
Notes:
Calculation of sacrificing ratio:
Ashish's share = 1/3
Remaining Share = 2/3
Rahul's new share = (3/4)x(2/3) = 6/12
Vinay's New Share = (1/4)x(2/3) = 2/12
Rahul's sacrifice = 3/4 - 6/12 = 3/12
Vinay's sacrifice = 1/4 - 2/12 = 1/12
Sacrifising ratio = 3:1
Regards