Question

23. A, B & C at present share profits and losses in the ratio of 5:3:2. They decide to share future profits
and losses equally with effect from 1' April, 2009. The goodwill of the firm has been valued at
Rs.90,000. Show the necessary accounting treatment When goodwill already appears in the books at
Rs.1,80,000​

Answer 1

Answer:

the excess goodwill reduce and distribute between current partners