A & B sharing profits and losses in the ratio 2:2:1 have decided to share future profiits and losses equally. their goodwill was estimated to be worth Rs.30000 and which they do not want to remain in the books. pass necessary journal entries.
Answers
Answered by
0
Answer:
Sharing of profit ( Old Ratio) = 15000 : 10000 : 5000
Sharing of profit ( New Ratio) = 12000 : 12000 : 6000
Difference - A Cr. 3000 ; B Dr. 2000 ; C Dr. 1000
Similar questions