a,b&c are sharing profits in the ratio of 4:3:2 goodwill appearing in the books at a value of 42000 pass the necessary journals entries
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A's Capital A/c ...Dr. 18,666
B's Capital A/c ...Dr. 14,000
C's Capital A/c ...Dr. 9,334
To Goodwill A/c 42,000
(Being the existing value
of Goodwill written off
in the old ratio)
B's Capital A/c ...Dr. 14,000
C's Capital A/c ...Dr. 9,334
To Goodwill A/c 42,000
(Being the existing value
of Goodwill written off
in the old ratio)
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