Question

6. Gold, Silver and Copper are partners in a firm sharing profits equally. They have decided to
share profit in future in the ratio of 2 : 3:5. For this purpose the goodwill of the firm is
valued at 1,50,000. Record the necessary Journal entry to give effect to the new
arrangement.
[Ans. Copper debited with 25,000, Gold and Silver credited with 20,000 and 75,000
respectively.]​

Answer 1

Answer:

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Answer 2

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