Question

Accountancy
(Part-I)
240
he Capitals are
1st January,
should be in
14. Aditi and Charvi are partner sharing Profits and Losses in the ratio of 3:1. The Capita
Aditi * 60,000 and Charvi 20,000. It has been decided that with effect from 1st Jan
2019 Profit sharing ratio will be 5:3. The deed stated that goodwill is to be valued at
years purchase of average Profits of 3 years and Capitals of the two partners should be
their profit sharing ratio. The Profit for 2016, 2017 and 2018 were 22,000, 25,000 an
37,000 respectively. Make necessary Journal entries. Show also the Capital Accounts
partners if Capitals of partners are to be adjusted in new Profit Sharing Ratio.
[Ans. Cash paid to Aditi 17,000, Cash brought by Charvi 17,000)​

Answer 1

Answer:

pertinence if repetition of pandas are to be educated in new profile sharing rotate answer kaspate to editor 17,000 cash out by

Answer 2

Answer:

Explanation:

The answer is Cash paid to Aditi 17,000, Cash brought by Charvi 17,000