A and B are partners sharing profit and loss in 2:1. they admit c into partnership 2/6th share in profits.A surrenders 1/4th of his share and B surrender 1/2th of his share in favour of c. Goodwill of the firm is valued at Rs 1,50,000 but is unable to bring his share of goodwill in cash credit
Answers
Answered by
0
Answer:
A and B are partners in a firm sharing profits and losses in the ratio of 3:2. A new partner C is admitted. A surrender 1/5
th
of his share and B surrender 2/5
th
of his share in favour of C. For the purpose of C
′
s admission, goodwill of the firm is valued at Rs.75,000 and C brought in his share of goodwill in cash which is retained in the firm's books. Journalise the above transactions.
Explanation:
please mark me as a brainlist
Similar questions