Question

A, B and C are partners sharing profits in the ratio of 1:2:3. C retires, his capital after making
adjustment of reserves and profit on revaluation exists at * 20,000. A and B have agreed to pay
him 26,000 in full settlement of his claim. Record necessary Journal entries for goodwill
, if new
ratio of A and B is 1:3.
(U.S.E.B., 2010)
[Ans. A and B's capital debited respectively with 1,000 and 5,000 and C's Capital A/c credited​

Answer 1

Answer:

so sorry I dont know the answer but you are in the same position as well as well as the bible and the team and the team and the team and the team and the team