Accountancy, asked by riya8401, 7 months ago

A,B, C and D are partners in a firm sharing profits and losses in the ratio of 2:2:1:1. They decided to

share future profits and losses in the ratio of 3:2:2:3. For this purpose goodwill of the firm valued at Rs1,50,000.

There was also a reserve of Rs60,000 in the books of the firm.

Find out sacrifice ratio and gaining ration and pass necessary journal entry assuming that reserve is not to be

distributed.

Answers

Answered by karunadodani1234

8

Answer: there goea ur ans buddy.

Explanation:

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