Question

ajay parnav and Vijay are in partnership sharing profit in the ratio 4:3:1 parnav takes retirement on 30 June 2019 the firm profit of various years were 2014(profit RSS 324444),2015(profit RSS 80000),2016(profit to 100000),2017(losses RSS 10000),2018(profit RSS 40000),and 2019(profit to 50000),Ajay and Vijay decided to share future profit in the ratio 3:2 goodwill is to be valued on the basis of 2 years purchase of average profits of 4 complete years immediately preceding the year of retirement of a partner pass journal entry record parnavs share of goodwill ​

Answer 1

Answer:

a parallelogram in which all the sides are equal is called the rhombus