Question

4.
17 Anil
, Amar and Ankur are partners in a firm sharing profits in the ratio 2:2:1. On
March 31, 2019 Amardies. On this day the balance in their capital accounts
stood at * 1,10,000, 370,000 and 50,000 respectively and it was found that
Patents were undervalued by 320,000 which was to be considered. Amar's
executor was paid * 90,000 in full settlement. Calculate Amar's share of goodwill
and pass Journal Entry for patents and goodwill.
Anil and Ankur decided to share future profits equally.​

Answer 1

Ratio = 2:21 answer = a rider + calculate masers share