Accountancy, asked by rtriaksh8, 7 months ago

Anil and Amar were partners in a firm sharing profits in the ratio of 3:2. Their capitals were ₹
1,60,000 and ₹ 1,00,000 respectively. They admitted Tony on 1 st April, 2019 as a new partner for
1/5 th share in future profits. Tony brought ₹ 1,20,000 as his capital. Calculate the value of
goodwill of the firm and record necessary journal entries for the above transactions on Tony’s
admission.

Answers

Answered by ravleenkaur355

7

Answer:

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