Question

24. Sulabh and Saurabh are partners who share the profit & loss in the ratio of 3 : 2.
They admitted Subhash by giving Ğ th share in future profit. Subhash brought
5,400 as the amount of goodwill. Show journal entries in the following cases
regarding goodwill :
(i)
Subhash is taking 2/3rd from Sulabh and 1/3rd from Saurabh of profit.
(ii) Subhash is taking his share from Sulabh and Saurabh in the ratio 5:4.​

Answer 1

Answer:

Subhash brought

5,400 as the amoun.......