6. 45. (HOTS) A, B and C were partners in a firm sharing profits in the ratio of
2:2: 1. They admitted D forth share in the profits. The new profit sharing ratio
will be 13: 8:4:5 respectively. D brought *5,00,000 for his capital and 60,000 for
his share of goodwill. Pass necessary entries.
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Answer:
Bank account dr. 560000
To D's capital account 500000
To premium account 60000
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