Question

1. ABC partners in the ratio 3 : 2:1 Goodwill of the firm is rupees 60000. Previous year profit rupees 150000.B died on 1August2018 .Share of profit is to be calculated on the basis of previous year profits pass necessary journal entries for goodwill and share of profit. 2. ABC partners ratio 5: 3 : 2. B died after 3 months of last balance sheet. Share of profit to be calculated on the basis of first year profit or loss. profits or losses are as follows third year profit rupees 34000 2nd year profit rupees 56000 first year loss rupees 60000

Answer 1

Answer:

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