Question

22. Orange and Green are partners in a firm sharing profits in the ratio of 5:3. They admit Yellow as
a partner giving him 1/4th of share of profit. Orange and Green decided to share profits between
themselves in the same proportion as before equally in future. Orange brought * 40,000 as capital and
Espaid privately to old partners. (ii) Goodwill is retained in the firm
by the old partners.
admission
Pass nec
32. Gorilla,
the valu
in the
Give
33. XY
ratio
16,000 for premium for goodwill in cash.
Yellow
Compute the Sacrificing Ratio and pass the necessary Journal entries to record the above​

Answer 1

Answer:

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Answer 2

Explanation:

please send answer, I am not solve the problem