Admission of Partner
Storyboard Text
- Ram
- Ram and Mohan are partners in a firm. They are enjoying their weekend in a restaurant
- I have invited him to lunch today!
- I think we need a new partner to help us run the firm
- I suggest Shyam as our new partner. He is our old friend and we can trust him
- Mohan
- Yes! That is a great idea
- Shyam arrives and accepts the offer
- You will even get your own share of profit
- Shyam would you like to join our firm? It would help us a lot.
- I would love to join you guys
- They decide on the new profit sharing ratio (From 3:2 to 1:1:1)
- Thank You!
- New ratio is 1:1:1
- Welcome to the company, Shyam!
- They find out the sacrificing ratio
- Don't worry Ram. I will bring goodwill for the firm in exchange
- Ram-> 3/5-1/3= 4/15Mohan-> 2/5-1/3=1/15
- Sacrificing Ratio(Old- new)
- 4:1
- I have to sacrifice so much
- Shyam's goodwill will be distributed in the sacrificing ratio
- Shyam brings goodwill to the firm (Rs.50000)
- Goodwill brought is to be distributed in the sacrificing ratio
- Ram-> 40000 Mohan-> 10000
- WOW!
- Next year
- Introducing Shyam as a partner was the best decision we could have ever made
- The company's profits have also increased
- I am very happy that I could help you guys!
- Yes! The stress of doing all the work has decreased
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