Question

Ajay Parnav and vijay
are in partnership sharing profit in the ratio of 4:3:1.Parnav takes
retirement
on 30th June 2019. the firm profit of various years were
2014 C profits Rs 324444) ,2015
(profits to 80000), 2016 (profits
RA 100000, 2017( losses RSS 10000).
2018 (profits Ro 40000) and 2019
protas Rs 50000)
Ajay and vijay decided to share
future profits in the ratio of 3:2 goodwill is to
be valued
on the
of 2 years purchase of 4 complete years immediately preceding the year of retirement of a partner pass the journal entry record pranav share of goodwill ​

Answer 1

Answer:

ajay takes 20 minutes and vijay takes 15 minutes