P, Q and R share profits in the ratio of 5:4:3. R retires and the new ratio is 5 : 3. If R is given 6,000 as goodwill, journal entry will be :

P's Capital A/c Dr.   1,000 Q's Capital A/c Dr.   5,000   To R's Capital A/c         6,000 P's Capital A/c Dr.   5,000 Q's Capital A/c Dr.   1,000    To R's Capital A/c       6,000 P's Capital A/c Dr.   3,750 Q's Capital A/c Dr.   2,250    To R's Capital A/c           6,000 None of the above

P's Capital A/c Dr.   5,000 Q's Capital A/c Dr.   1,000    To R's Capital A/c       6,000

Gain of P= 5/8-5/12=5/24 Gain of Q= 3/8-4/12= 1/24 GR=5:1 P's Capital A/c Dr 5,000 Q's Capital A/c Dr 1,000 To R's Capital A/c Cr 6,000