Question

A
Prepare Capital Alc with the help of following
given information.
PO...
A and B are partner Share poofit
and losses in the ratio of 1:2 A Boing RS
1,00,000 and
B Brings RS 2,00,000 as capital
with draw ł 500 1 and B withdraw 1000
For there
ase Firm decided lo choreje
intrest on capital osa 39. p.ce and drawing
2% P.a
is
allowed a salary of a
5000 and Bis allowed commission 5
2000
O firm earned profit amount ?
30,000
.
Personal​

Answer 1

Answer:

Value of goodwill in the books after the admission of C = Rs 70000. Because the goodwill has been revalued before the admission of C