Question

A and B who shared profits in the proportion of 5 : 3 had capitals of Rs 70,000 and Rs

40,000 respectively. They agree to admit C into partnership for th share in future profits. C

brings Rs 30,000 as capital and is unable to bring Rs 1,600 as his share of goodwill in cash and

Goodwill already appearing in the books at Rs 4,000​

Answer 1

Answer:

Rahul A/c Dr.

Kamal A/c Dr.

To Kaushal A/c

Kamal A/c Dr.

Cash A/c Dr.

To Goodwill A/c

Rahul A/c Dr.

LoanA/c Dr.

To Cash A/c