Question

23. (Goodwill not brought in Cash) Manish and Satish are sharing profits in 4 : 3 ratio
th share Komal gave stock * 30,000 valued at $ 25,000 for capita
Hint. Value of Goodwill * 12,000.

Komal is admitted for
1/10
But for goodwill of his share of ? 10,000 his loan account carrying interest @12% p.a. W
raised in the books. He, as per agreement paid his goodwill share after six months wi
interest.
Pass journal entries​

Answer 1

Explanation:

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